Prime Dividend Corp. Monthly Dividend Declaration for Class A & Preferred Share
21 December 2022 - 1:00AM
Prime Dividend Corp. (The "Company") declares its monthly
distribution of $0.05258 for each Class A share and $0.06667 for
each Preferred share. Distributions are payable January 10, 2023 to
shareholders on record as at December 30, 2022.
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 December 30, 2022 will receive a dividend
of $0.05258 per share based on the VWAP of $6.31 payable on January
10, 2023. 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 $12.96 per share and Preferred shareholders
have received a total of $9.29 per share inclusive of this
distribution, for a combined total of $22.25.
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) |
$0.05258 |
Preferred Share (PDV.PR.A) |
$0.06667 |
Record Date: |
December 30, 2022 |
Payable Date: |
January 10, 2023 |
|
|
Investor Relations:1-877-478-2372 |
Local: 416-304-4443 |
www.primedividend.com |
info@quadravest.com |
|
|
|
|
Prime Dividend (TSX:PDV)
Historical Stock Chart
From Jun 2024 to Jul 2024
Prime Dividend (TSX:PDV)
Historical Stock Chart
From Jul 2023 to Jul 2024