Prime Dividend Corp.: Regular Monthly Dividend Declaration
March 19 2008 - 9:01AM
Marketwired Canada
Prime Dividend Corp. ("Prime Dividend") declares its regular monthly
distribution of $0.09063 (7.25% annualized) for each Class A share which
reflects the distribution policy of prime rate in Canada (5.25% as at March
15th) plus 2% annually. Prime Dividend also declares its regular monthly
distribution of $0.05000 (6.00% annualized) for each Preferred share which
reflects the distribution policy of prime rate plus 0.75% annually.
Distributions are payable April 10, 2008 to shareholders on record as of March
31, 2008.
Since inception Class A shareholders have received a total of $2.75 per share
and Preferred shareholders have received a total of $1.57 per share inclusive of
this distribution, for a combined total of $4.32 per share.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as
follows:
Banks Investment Management Life Insurance Utilities & Other
Bank of Great-West
Montreal AGF Management Ltd. Lifeco Inc. BCE Inc.
The Bank
of Nova CI Financial Manulife
Scotia Income Fund Financial Corp. TransAlta Corp
Sun Life
CIBC IGM Financial Inc. Financial Inc. TransCanada Corp
National
Bank of Royal Bank
Canada Power Financial Corp. 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): $0.09063
Preferred Share (PDV.PR.A) $0.05000
Ex-Dividend Date: March 27, 2008
Record Date: March 31, 2008
Payable Date: April 10, 2008
Prime Dividend (TSX:PDV)
Historical Stock Chart
From Jul 2024 to Aug 2024
Prime Dividend (TSX:PDV)
Historical Stock Chart
From Aug 2023 to Aug 2024