Le Lézard
Classified in: Business
Subject: v

Prime Dividend Corp. Monthly Dividend Declaration for Class A & Preferred Share


TORONTO, July 18, 2023 (GLOBE NEWSWIRE) -- Prime Dividend Corp. (The "Company") declares its monthly distribution of $0.04642 for each Class A share and $0.06667 for each Preferred share. Distributions are payable August 10, 2023 to shareholders on record as at July 31, 2023.

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, 2023 will receive a dividend of $0.04642 per share based on the VWAP of $5.57 payable on August 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 $13.26 per share and Preferred shareholders have received a total of $9.76 per share inclusive of this distribution, for a combined total of $23.02.

The Company invests in a portfolio of high yielding Canadian Companies as follows:

BanksInvestment ManagementLife InsuranceUtilities & Other
Bank of MontrealAGF Management Ltd.Great-West Lifeco Inc.BCE Inc.
Bank of Nova ScotiaCI Financial Corp.Manulife Financial CorporationTransAlta Corp.
CIBCIGM 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)$0.04642
Preferred Share (PDV.PR.A)$0.06667
Record Date:July 31, 2023
Payable Date:August 10, 2023
  


Investor Relations: 1-877-478-2372Local: 416-304-4443www.primedividend.com [email protected]




These press releases may also interest you

at 07:16
HR Path Secures Record ?500 Million in Financing from Ardian to Accelerate its International Acquisition Strategy and Consolidate its Position as a Leader in HR Transformations
HR Path, a global leader in HR consulting, announces a record ?500 million fundraising from Ardian, a world-leading private investment house. This landmark fundraising, the largest of the company's history, marks a significant milestone in HR Path's...

at 07:03
Women in HVACR Selects Ripley PR as its Agency of Record
Women in HVACR (WHVACR), a nonprofit organization dedicated to empowering women in the heating, ventilation, air conditioning and refrigeration trades, has selected Ripley PR, a global firm specializing in the skilled trades industry, as its public...

at 07:00
First Foundation Inc. Announces Second Quarter 2024 Earnings Conference Call Details
First Foundation Inc. ("First Foundation"), a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced today that it will release its second quarter 2024 earnings results...

at 07:00
Lifeist Appoints Andrea Judge CEO of Mikra Cellular Sciences
Lifeist Wellness Inc. ("Lifeist" or the "Company") , a health-tech company that leverages advancements in science and technology to build breakthrough ventures that transform human wellness, is pleased to announce that the board of directors has...

at 07:00
Lithium Ionic Enters Option Agreement to Acquire Up to 90% Interest in New Itinga Properties totaling 2,983 ha in the Lithium Valley, Minas Gerais, Brazil
Lithium Ionic Corp. ("Lithium Ionic" or the "Company") is pleased to announce that its wholly-owned subsidiary, Neolit Minerals Participações Ltda ("Neolit"), has entered into an option agreement (the "Agreement") with K2 Mineração e Exportação...

at 07:00
Carbon Streaming Announces Closing of Blue Dot Acquisition
Carbon Streaming Corporation (Cboe CA: NETZ) ("Carbon Streaming" or the "Company") today announced that it has completed its previously announced acquisition of Blue Dot Carbon Corp. ("Blue Dot"), a private company with an equity investment in a...

More news about Business...


News published on and distributed by: