Canadian Banc Corp. Announces Monthly Dividend for Investors

Canadian Banc Corp. Dividend Declaration
Canadian Banc Corp. has announced its latest monthly dividend distribution, which is an exciting update for both Class A and Preferred shareholders. Each Class A share will see a dividend of $0.16400, while Preferred shareholders will receive $0.05375 per share. Such distributions notably contribute to the attractiveness of investing in the Company’s shares.
Details of the Dividend Distribution
According to the Company's established distribution policy communicated back in November 2021, the monthly dividend payable on the Class A shares is determined based on a 15% annualized rate. This rate applies to the volume-weighted average market price (VWAP) of the Class A shares over the last three trading days prior to the distribution. Consequently, Class A shareholders who hold shares as of September 30, 2025, are set to receive this dividend following the VWAP of $13.12.
Stability of Dividend Yield
The dividend yield under this policy for Class A shareholders will remain steady at 15.00%, which reflects the Company’s commitment to providing consistent returns. This reliability can be a major factor for investors seeking stable income in their portfolios.
Preferred Shareholder Returns
Meanwhile, the returns for Preferred shareholders are structured to be prime plus 1.50% with established minimum and maximum rates of 5.00% and 8.00%, respectively. This enhanced return defines the attractiveness and security of investing in Preferred shares.
Historical Performance
To illustrate its success, Class A shareholders have collectively earned a total of $24.43 per share over the years, while Preferred shareholders have reached a total of $11.38 per share. Combined, this results in an impressive total of $35.81 per share received by investors since inception.
Company Investment Strategy
Canadian Banc Corp. focuses its investments on a robust portfolio of six major Canadian banks, including the Bank of Montreal, Canadian Imperial Bank of Commerce, and others. The allocation of the portfolio is designed with various weightings that can fluctuate, ultimately aiming to optimize dividend income.
Generating Additional Returns
To enhance the income generated by the portfolio, the Company actively engages in a selective covered call writing program. This strategy allows the Company to potentially generate additional yield, benefiting its shareholders further.
Contact Information for Investors
For any inquiries or more details about investments, shareholders and potential investors can reach out to Canadian Banc Corp.'s Investor Relations department at 1-877-478-2372 or locally at 416-304-4443. Additional information can be found on their website, www.canadianbanc.com.
Frequently Asked Questions
What is the dividend amount for Class A and Preferred shares?
The Class A shares have a dividend of $0.16400, while Preferred shares receive $0.05375.
When is the record date for dividends?
The record date for both share types is September 30, 2025.
When will the dividends be payable?
Dividends will be payable on October 10, 2025.
How does the Company determine the Class A dividend?
The dividend is based on a 15% annualized rate calculated using the volume-weighted average market price over the last three trading days of the prior month.
What is the investment strategy of Canadian Banc Corp.?
The Company invests in a diversified portfolio of Canadian banks and employs a selective covered call writing program to generate additional income.
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