Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share
18 July 2013 - 11:00PM
Marketwired Canada
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 July 15,
2013) 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 August 9, 2013 to shareholders on record
as of July 31, 2013.
Since inception Class A shareholders have received a total of $6.61 per share
and Preferred shareholders have received a total of $4.26 per share inclusive of
this distribution, for a combined total of $10.87 per unit.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as
follows:
Banks Investment Life Insurance Utilities & Other
Management
Bank of Montreal AGF Management Great-West Lifeco BCE Inc.
Bank of Nova Ltd. Inc. TransAlta Corp
Scotia CI Financial Manulife Financial TransCanada Corp
CIBC Corp. Corp. Power Financial
National Bank of IGM Financial Sun Life Financial Corp.
Canada Inc. Inc. TMX Group Inc.
Royal Bank of
Canada
Toronto-Dominion
Bank
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: July 29, 2013
Record Date: July 31, 2013
Payable Date: August 9, 2013
FOR FURTHER INFORMATION PLEASE CONTACT:
Prime Dividend Corp.
Investor Relations
416-304-4443
Toll free at 1-877-4-Quadra (1-877-478-2372)
www.primedividend.com
Prime Dividend (TSX:PDV)
Historical Stock Chart
From Jul 2024 to Aug 2024
Prime Dividend (TSX:PDV)
Historical Stock Chart
From Aug 2023 to Aug 2024