Prime Dividend Corp. (The "Company") declares its monthly distribution of $0.05375 for each Class A share and $0.06667 for each Preferred share. Distributions are payable April 10, 2024 to shareholders on record as at March 28, 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 March 28, 2024 will receive a dividend of $0.05375 per share based on the VWAP of $6.45 payable on April 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 $13.45 per share and Preferred shareholders have received a total of $10.29 per share inclusive of this distribution, for a combined total of $23.74.

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) $0.05375
Preferred Share (PDV.PR.A)  $0.06667
Record Date: March 28, 2024
Payable Date:  April 10, 2024

Investor Relations: 1-877-478-2372 Local: 416-304-4443 www.primedividend.com info@quadravest.com
Prime Dividend (TSX:PDV.PR.A)
Historical Stock Chart
Von Mär 2024 bis Apr 2024 Click Here for more Prime Dividend Charts.
Prime Dividend (TSX:PDV.PR.A)
Historical Stock Chart
Von Apr 2023 bis Apr 2024 Click Here for more Prime Dividend Charts.