Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share
October 20 2009 - 8:00AM
Marketwired
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 (2.25% as at October 15, 2009) 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 and the rate will not decline below this
level. Distributions are payable November 10, 2009 to shareholders
on record as of October 30, 2009.
Since inception Class A shareholders have received a total of
$3.79 per share and Preferred shareholders have received a total of
$2.39 per share inclusive of this distribution, for a combined
total of $6.18 per share.
Prime Dividend invests in a portfolio of high yielding Canadian
Companies as follows:
Investment Utilities &
Banks Management Life Insurance Other
AGF Management Great-West Lifeco
Bank of Montreal Ltd. Inc. BCE Inc.
CI Financial Manulife
The Bank of Nova Scotia Income Fund Financial Corp. TransAlta Corp
IGM Financial Sun Life TransCanada
CIBC Inc. Financial Inc. Corp
Power Financial
National Bank of Canada Corp.
Royal Bank of Canada TSX Group Inc.
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: October 28, 2009
Record Date: October 30, 2009
Payable Date: November 10, 2009
Contacts: Prime Dividend Corp. Investor Relations 416-304-4443
or Toll Free: 1-877-4-Quadra (1-877-478-2372)
www.primedividend.com
Prime Dividend (TSX:PDV)
Historical Stock Chart
From Sep 2024 to Oct 2024
Prime Dividend (TSX:PDV)
Historical Stock Chart
From Oct 2023 to Oct 2024