Prime Dividend Corp. Monthly Dividend Declaration for Preferred Share
October 20 2022 - 8:00AM
Prime Dividend Corp. (The "Company") declares its monthly
distribution of $0.06500 for each Preferred share. Distributions
are payable November 10, 2022 to shareholders on record as at
October 31, 2022.
There will not be a distribution paid to the
Class A Shares for October 31, 2022 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%.
Since inception Class A shareholders have
received a total of $12.86 per share and Preferred shareholders
have received a total of $9.16 per share inclusive of this
distribution, for a combined total of $22.02.
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 |
|
|
Preferred Share
(PDV.PR.A) |
$0.06500 |
Record Date: |
October 31,
2022 |
Payable Date: |
November 10,
2022 |
|
|
Investor
Relations: 1-877-478-2372 |
Local: 416-304-4443 |
www.primedividend.com |
info@quadravest.com |
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