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PDV Prime Dividend Corp

6.59
0.21 (3.29%)
31 May 2024 - Closed
Delayed by 15 minutes
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
  0.21 3.29% 6.59 6.30 6.60 6.59 6.59 6.59 2,675 21:00:02

Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share

19/02/2014 8:49pm

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 (3.00% as at February
14, 2014) 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. Distributions are payable March 10, 2014 to shareholders on record
as of February 28, 2014.


Since inception Class A shareholders have received a total of $7.04 per share
and Preferred shareholders have received a total of $4.56 per share inclusive of
this distribution, for a combined total of $11.60 per unit.


Prime Dividend invests in a portfolio of high yielding Canadian Companies as
follows:




Banks               Investment         Life               Utilities         
                    Management         Insurance          & Other           
Bank of Montreal    AGF Management     Great-West Lifeco  BCE Inc.          
                     Ltd.               Inc.                                
Bank of Nova        CI Financial       Manulife           TransAlta Corp    
 Scotia              Corp.              Financial Corp.                     
CIBC                IGM Financial      Sun Life           TransCanada Corp  
                     Inc.               Financial Inc.                      
National Bank of                                          Power Financial   
 Canada                                                    Corp.            
Royal Bank of                                             TMX Group Inc.    
 Canada                                                                     
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:             February 26, 2014                             
Record Date:                  February 28, 2014                             
Payable Date:                 March 10, 2014                                



FOR FURTHER INFORMATION PLEASE CONTACT: 
Prime Dividend Corp.
Investor Relations
416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
www.primedividend.com

1 Year Prime Dividend Chart

1 Year Prime Dividend Chart

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1 Month Prime Dividend Chart