Prime Dividend Corp. Monthly Dividend Declaration for Class A & Preferred Share
20 Oktober 2021 - 03:00PM
Prime Dividend Corp. (The "Company") declares its monthly
distribution of $0.06850 for each Class A share and $0.04167 for
each Preferred share. Distributions are payable November 10, 2021
to shareholders on record as at October 29, 2021.
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 October 29, 2021 will receive a dividend of $0.06850 per
share based on the VWAP of $8.22 payable on November 10, 2021. 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%.
Since inception Class A shareholders have received a total of
$12.05 per share and Preferred shareholders have received a total
of $8.56 per share inclusive of this distribution, for a combined
total of $20.61.
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) |
$0.06850 |
Preferred Share (PDV.PR.A) |
$0.04167 |
Record Date: |
October 29, 2021 |
Payable Date: |
November 10, 2021 |
Investor Relations:1-877-478-2372Local:
416-304-4443www.primedividend.cominfo@quadravest.com
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