PRIME DIVIDEND CORP.: Regular Monthly Dividend Declaration for Class A and Preferred Share
18 Marzo 2010 - 2:02PM
Marketwired Canada
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 March 15,
2010) 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 April 9, 2010 to shareholders on record as of March 31, 2010.
Since inception Class A shareholders have received a total of $4.10 per share
and Preferred shareholders have received a total of $2.60 per share inclusive of
this distribution, for a combined total of $6.70 per share.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as
follows:
Utilities &
Banks Investment Management Life Insurance Other
Great-West
Bank of Montreal AGF Management Ltd. Lifeco Inc. BCE Inc.
The Bank of Nova CI Financial Income Manulife
Scotia Fund Financial Corp. TransAlta Corp
Sun Life
CIBC IGM Financial Inc. Financial Inc. TransCanada Corp
National Bank of Power Financial
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: March 29, 2010
Record Date: March 31, 2010
Payable Date: April 9, 2010
Grafico Azioni Prime Dividend (TSX:PDV)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Prime Dividend (TSX:PDV)
Storico
Da Giu 2023 a Giu 2024