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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Prime Dividend Corp | TSX:PDV | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.54 | 6.37 | 6.54 | 0 | 01:00:00 |
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 February 29, 2024 will receive a dividend of $0.04658 per share based on the VWAP of $6.59 payable on March 8, 2024. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.
Preferred shareholders will receive prime plus 2.35% with a minimum rate of 5.00% and a maximum rate of 8.00%.
Since inception Class A shareholders have received a total of $13.39 per share and Preferred shareholders have received a total of $10.22 per share inclusive of this distribution, for a combined total of $23.62.
The Company invests in a portfolio of high yielding Canadian Companies as follows:
BanksBank of MontrealBank of Nova ScotiaCIBCNational Bank of CanadaRoyal Bank of CanadaToronto-Dominion Bank | Investment ManagementAGF Management Ltd.CI Financial Corp.IGM Financial Inc. | Life InsuranceGreat-West Lifeco Inc.Manulife Financial CorporationSun Life Financial Inc. | Utilities & OtherBCE Inc.TransAlta Corp.TC Energy Corp.Power Financial Corp.TMX Group Inc. |
Distribution Details | |
Class A Share (PDV) | $0.04658 |
Preferred Share (PDV.PR.A) | $0.06667 |
Record Date: | February 29, 2024 |
Payable Date: | March 8, 2024 |
Investor Relations: 1-877-478-2372 | Local: 416-304-4443 | www.primedividend.com | info@quadravest.com |
1 Year Prime Dividend Chart |
1 Month Prime Dividend Chart |
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