Le Lézard
Classified in: Business
Subject: v

Prime Dividend Corp. Monthly Dividend Declaration for Preferred Share


TORONTO, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Prime Dividend Corp. (The "Company") declares its monthly distribution of $0.06667 for each Preferred share. Distributions are payable September 8, 2023 to shareholders on record as at August 31, 2023. 

There will not be a distribution paid to the Class A Shares for August 31, 2023 as per the Prospectus which states no regular monthly dividends will be paid on the Class A shares in any month as long as the net asset value per unit is equal to or less than $15.00

Preferred shareholders 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 $9.82 per share inclusive of this distribution, for a combined total of $23.08. 

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

BanksInvestment ManagementLife InsuranceUtilities & Other
Bank of Montreal
Bank of Nova Scotia
CIBC
National Bank of Canada
Royal Bank of Canada
Toronto-Dominion Bank
AGF Management Ltd
CI Financial Corp.
IGM Financial Inc. 
Great-West Lifeco Inc. 
Manulife Financial Corporation
Sun Life Financial Inc.
BCE Inc. 
TransAlta Corp.
TC Energy Corp. 
Power Financial Corp
TMX Group Inc. 
    


Distribution Details 
  
Preferred Share (PDV.PR.A)$0.06667
  
Record Date: August 31, 2023 
  
Payable Date:September 8, 2023
  
  

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



These press releases may also interest you

at 17:45
Local Midwest Company, RISE Commercial District, Honored as IBJ's Fastest Growing Company for Fourth Year in a Row
RISE Commercial District is excited to share that it's been named one of the 25 Fastest Growing Companies by the Indiana Business Journal (IBJ) for the fourth year running. This recognition reflects RISE's ongoing commitment to helping local...

at 17:45
Quest Diagnostics Declares Quarterly Cash Dividend
Quest Diagnostics , a leader in diagnostic information services, today announced that its Board of Directors declared a quarterly cash dividend of $0.75 per share, payable on July 22, 2024 to shareholders of record of Quest Diagnostics common stock...

at 17:39
LAZYDAYS REPORTS FIRST QUARTER 2024 RESULTS
Lazydays today reports results for the first quarter ended March 31, 2024. John North, Chief Executive Officer, commented, "As we...

at 17:33
Building more child care spaces for families in Prince Edward Island
Every child deserves the best start in life. But for young families, including Millennial and Gen Z parents, the costs of child care can add up to a second rent or mortgage payment. This makes it harder to start and support a family, and as a result,...

at 17:30
POET Technologies Reports First Quarter 2024 Financial Results
POET Technologies Inc. ("POET" or the "Company") , the designer and developer of the POET Optical Interposertm, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today...

at 17:19
NACCO INDUSTRIES DECLARES QUARTERLY DIVIDEND
NACCO Industries® today announced that the Board of Directors increased its regular cash dividend from 21.75 cents to 22.75 cents per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid June 17, 2024 to...

More news about Business...


News published on and distributed by: