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Canadian Banc (TSX:BK) 3-Year Dividend Growth Rate : 39.80% (As of Nov. 2023)


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What is Canadian Banc 3-Year Dividend Growth Rate?

Canadian Banc's Dividends per Share for the six months ended in Nov. 2023 was C$0.91.

The historical rank and industry rank for Canadian Banc's 3-Year Dividend Growth Rate or its related term are showing as below:

TSX:BK' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -24.2   Med: 4.2   Max: 48
Current: 39.8

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Canadian Banc was 48.00% per year. The lowest was -24.20% per year. And the median was 4.20% per year.

TSX:BK's 3-Year Dividend Growth Rate is ranked better than
95.5% of 867 companies
in the Asset Management industry
Industry Median: 1.7 vs TSX:BK: 39.80

During the past 12 months, Canadian Banc's average Dividends Per Share Growth Rate was -8.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 39.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 13.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Canadian Banc's Dividend Payout Ratio for the six months ended in Nov. 2023 was 0.00. As of today, Canadian Banc's Dividend Yield % is 15.97%.

Warning Sign:

Canadian Banc Corp stock dividend yield is close to 1-year low.

For more information regarding to dividend, please check our Dividend Page.

Competitive Comparison of Canadian Banc's 3-Year Dividend Growth Rate

For the Asset Management subindustry, Canadian Banc's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canadian Banc's 3-Year Dividend Growth Rate Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Canadian Banc's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Canadian Banc's 3-Year Dividend Growth Rate falls into.


Canadian Banc 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Canadian Banc  (TSX:BK) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Canadian Banc's Dividend Payout Ratio for the quarter that ended in Nov. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Nov. 2023 )/ EPS without NRI (Q: Nov. 2023 )
=0.913/ -0.126
=N/A

During the past 13 years, the highest Dividend Payout Ratio of Canadian Banc was 0.76. The lowest was 0.22. And the median was 0.40.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Canadian Banc Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CAD 0.1348802024-04-292024-04-302024-05-10Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1291302024-03-272024-03-282024-04-10Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1325002024-02-282024-02-292024-03-08Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1313802024-01-302024-01-312024-02-09Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1226302023-12-282023-12-292024-01-10Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1198802023-11-292023-11-302023-12-08Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1397502023-10-302023-10-312023-11-10Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1611302023-09-282023-09-292023-10-10Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1650002023-08-302023-08-312023-09-08Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1642502023-07-282023-07-312023-08-10Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1631302023-06-292023-06-302023-07-10Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1657502023-05-302023-05-312023-06-09Cash DividendmonthlyCAD:CAD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Canadian Banc's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.72941/10.86
=15.92 %

Current Share Price is C$10.86.
Canadian Banc's Dividends per Share for the trailing twelve months (TTM) ended in Today is C$1.72941.

During the past 13 years, the highest Dividend Yield of Canadian Banc was 22.09%. The lowest was 4.86%. And the median was 9.38%.

Warning Sign:

Canadian Banc Corp stock dividend yield is close to 1-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Canadian Banc 3-Year Dividend Growth Rate Related Terms>

Canadian Banc (TSX:BK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canadian Banc Corp (TSX:BK) » Definitions » 3-Year Dividend Growth Rate
Comparable Companies
TSX:FFN TSX:ENS TSX:OLY TSX:LBS.PR.A TSX:HFPC.U TSX:PTI.UN TSX:AIM TSX:FTN TSX:URB.A TSX:QRC BLK BX KKR OSTO:INVE A APO TSX:BN BK AMP LSE:III XSWX:PGHN
Traded in Other Exchanges
CNDCF:USA BK.PR.A.PFD:Canada
Address
200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2
Website
https://www.quadravest.com
Canadian Banc Corp is a Canadian-based company operating in the financial services sector. The Company invests in an actively managed portfolio of common shares comprised of 6 Canadian chartered banks. The Company employs an active covered call writing program to enhance the income earned from the portfolio.