Prime Dividend Corp. Monthly Dividend Declaration for Class A & Preferred Share
20 Novembre 2024 - 3:00PM
Prime Dividend Corp. (The "Company") declares its monthly
distribution of $0.06617 for each Class A share and $0.06667 for
each Preferred share. Distributions are payable December 10, 2024
to shareholders on record as at November 29, 2024.
Under the distribution policy announced on July
17, 2014, the monthly dividend payable on the Class A shares is
determined by applying a 10.00% annualized rate on the volume
weighted average market price (VWAP) of the Class A shares over the
last 5 trading days of the preceding month. As a result, Class A
shareholders of record on November 29, 2024 will receive a dividend
of $0.06617 per share based on the VWAP of $7.94 payable on
December 10, 2024. The yield will remain stable at 10.00% (based on
the VWAP) under this distribution policy.
Preferred shareholders will receive prime plus
2.35% with a minimum rate of 5.00% and a maximum rate of 8.00%.
Since inception Class A shareholders have
received a total of $13.90 per share and Preferred shareholders
have received a total of $10.82 per share inclusive of this
distribution, for a combined total of $24.72.
The Company invests in a portfolio of high
yielding Canadian Companies as follows:
Banks |
Investment Management |
Life Insurance |
Utilities &
Other |
Bank of
Montreal |
AGF
Management Ltd. |
Great-West
Lifeco Inc. |
BCE
Inc. |
Bank of
Nova Scotia |
CI
Financial Corp. |
Manulife
Financial Corporation |
TransAlta
Corp. |
CIBC |
IGM
Financial Inc. |
Sun Life
Financial Inc. |
TC Energy
Corp. |
National
Bank of Canada |
|
|
Power
Financial Corp. |
Royal Bank
of Canada |
|
|
TMX Group
Inc. |
Toronto-Dominion Bank |
|
|
|
|
|
|
|
Distribution Details |
|
|
|
|
|
Class A Share (PDV) |
|
$0.06617 |
|
|
|
Preferred Share (PDV.PR.A) |
|
$0.06667 |
|
|
|
Record Date: |
|
November 29, 2024 |
|
|
|
Payable Date: |
|
December 10, 2024 |
|
|
|
Investor
Relations: 1-877-478-2372 |
Local: 416-304-4443 |
www.primedividend.com |
info@quadravest.com |
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