There were 99 press releases posted in the last 24 hours and 454,382 in the last 365 days.

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

/EIN News/ -- TORONTO, June 20, 2018 (GLOBE NEWSWIRE) -- Prime Dividend Corp. (The "Company") declares its monthly distribution of $0.06200 for each Class A share and $0.04167 for each Preferred share. Distributions are payable July 10, 2018 to shareholders on record as at June 29, 2018.

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 June 29, 2018 will receive a dividend of $0.06200 per share based on the VWAP of $7.44 payable on July 10, 2018. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.

Preferred shareholders continue to receive prime plus 0.75% with a minimum rate of 5.00%.

Since inception Class A shareholders have received a total of $10.13 per share and Preferred shareholders have received a total of $6.72 per share inclusive of this distribution, for a combined total of $16.86.  

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.   TransCanada Corp
National Bank of Canada           Power Financial Corp.
Royal Bank of Canada           TMX Group Inc.
Toronto-Dominion Bank            

Distribution Details    
Class A Share (PDV)

Preferred Share (PDV.PR.A)

Ex-Dividend Date:

  June 28, 2018
Record Date:

  June 29, 2018
Payable Date:

  July 10, 2018

Investor Relations: 1-877-478-2372
Local: 416-304-4443

Primary Logo