Fairfax Declares Annual Dividend
03 Janvier 2024 - 1:45PM
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (“Fairfax”)
announces that it has declared an increased dividend of US$15.00
per share on its outstanding multiple voting and subordinate voting
shares, payable on January 25, 2024 to shareholders of record on
January 18, 2024. Applicable Canadian withholding tax will be
applied to dividends payable to non-residents of Canada.
“Given Fairfax’s substantial growth since it
inaugurated a US$10 per share annual dividend 14 years ago, and
given Fairfax’s current position of foreseeing strong earnings for
the next few years based on insurance company underwriting income,
locked-in interest and dividend income and income from associates,
we felt it was appropriate to raise our annual dividend this year
to US$15 per share, and we believe that this should be a
sustainable level,” said Prem Watsa, Chairman and Chief Executive
Officer of Fairfax.
Fairfax is a holding company which, through its
subsidiaries, is primarily engaged in property and casualty
insurance and reinsurance and the associated investment
management.
For further
information contact: |
John Varnell,
Vice President, Corporate Development at (416) 367-4941 |
Fairfax Financial (TSX:FFH.U)
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