Distribution Announcement - Prime Dividend Corp. declares a monthly distribution of $0.06533 for each Class A share and $0.06083 for each Preferred share, payable on June 10, 2025, to shareholders on record as of May 30, 2025 [1][2]. Dividend Policy - The monthly dividend for Class A shares is determined by a 10.00% annualized rate based on the volume weighted average market price (VWAP) over the last 5 trading days of the preceding month, resulting in a dividend of $0.06533 per share based on a VWAP of $7.84 [2]. Historical Returns - Since inception, Class A shareholders have received a total of $14.31 per share, while Preferred shareholders have received $11.20 per share, leading to a combined total of $25.50 [3]. Investment Portfolio - The Company invests in a portfolio of high-yielding Canadian companies across various sectors, including: - Banks: Bank of Montreal, Bank of Nova Scotia, CIBC, National Bank of Canada, Royal Bank of Canada, Toronto-Dominion Bank - Investment Management: AGF Management Ltd., CI Financial Corp., IGM Financial Inc. - Life Insurance: Great-West Lifeco Inc., Manulife Financial Corporation, Sun Life Financial Inc. - Utilities & Other: BCE Inc., TransAlta Corp., TC Energy Corp., Power Financial Corp., TMX Group Inc. [3].
PRIME DIVIDEND CORP. Monthly Dividend Declaration for Class A & Preferred Share
Globenewswireยท2025-05-21 13:00