Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share
21 Mai 2014 - 3:00PM
Marketwired
Prime Dividend Corp.: Regular Monthly Dividend Declaration for
Class A and Preferred Share
TORONTO, ONTARIO--(Marketwired - May 21, 2014) - Prime Dividend
Corp. ("Prime Dividend") declares its regular monthly distribution
of $0.06250 (5.00% annualized) for each Class A share which
reflects the distribution policy of prime rate in Canada (3.00% as
at May 15, 2014) plus 2% annually. Prime Dividend also declares its
regular monthly distribution of $0.04167 (5.00% annualized) for
each Preferred share which reflects the distribution policy of
prime rate plus 0.75% annually. An annual Class A and Preferred
share payment of 5.00% is the minimum payment as per the
prospectus. Distributions are payable June 10, 2014 to shareholders
on record as of May 30, 2014.
Since inception
Class A shareholders have received a total of $7.23 per share and
Preferred shareholders have received a total of $4.68 per share
inclusive of this distribution, for a combined total of $11.91 per
unit.
Prime Dividend
invests in a portfolio of high yielding Canadian Companies as
follows:
|
Banks |
|
Investment Management |
|
Life
Insurance |
|
Utilities & Other |
|
Bank of Montreal Bank of Nova Scotia CIBC National Bank of Canada
Royal Bank of Canada Toronto-Dominion Bank |
|
AGF Management Ltd. CI Financial Corp. IGM Financial Inc. |
|
Great-West Lifeco Inc. Manulife Financial Corporation Sun Life
Financial Inc. |
|
BCE Inc. TransAlta Corp TransCanada Corp Power Financial Corp. TMX
Group Inc. |
Shares held
within the Portfolio will generally represent no less than 4% and
no more than 8% of the net asset value.
|
Distribution Details: |
|
| Class
A Share (PDV) |
$0.06250 |
|
Preferred Share (PDV.PR.A) |
$0.04167 |
|
Ex-Dividend Date: |
May 28, 2014 |
|
Record Date: |
May 30, 2014 |
|
Payable Date: |
June 10, 2014 |
Prime Dividend Corp.Investor Relations416-304-4443Toll Free at
1-877-4-Quadra (1-877-478-2372)www.primedividend.com
Prime Dividend (TSX:PDV.PR.A)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
Prime Dividend (TSX:PDV.PR.A)
Historical Stock Chart
Von Mai 2023 bis Mai 2024
