Prime Dividend Corp. Monthly Dividend Declaration for Class A & Preferred Share
17 July 2024 - 11:00PM
Prime Dividend Corp. (The "Company") declares its monthly
distribution of $0.05217 for each Class A share and $0.06667 for
each Preferred share. Distributions are payable August 9, 2024 to
shareholders on record as at July 31, 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 July 31, 2024 will receive a dividend of
$0.05217 per share based on the VWAP of $6.26 payable on August 9,
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 $13.66 per share and Preferred shareholders
have received a total of $10.56 per share inclusive of this
distribution, for a combined total of $24.22.
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) |
|
$0.05217 |
Preferred Share (PDV.PR.A) |
|
$0.06667 |
Record Date: |
|
July 31, 2024 |
Payable
Date: |
|
August 9, 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
From Oct 2024 to Nov 2024
Prime Dividend (TSX:PDV.PR.A)
Historical Stock Chart
From Nov 2023 to Nov 2024