PDV:CC - Prime Dividend Corp. Monthly Dividend Declaration for Preferred Share
TORONTO, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Prime Dividend Corp. (The "Company") declares its monthly distribution of $0.06500 for each Preferred share. Distributions are payable November 10, 2022 to shareholders on record as at October 31, 2022.
There will not be a distribution paid to the Class A Shares for October 31, 2022 as per the Prospectus which states no regular monthly dividends will be paid on the Class A shares in any month as long as the net asset value per unit is equal to or less than $15.00.
Preferred shareholders receive prime plus 2.35% with a minimum rate of 5.00%.
Since inception Class A shareholders have received a total of $12.86 per share and Preferred shareholders have received a total of $9.16 per share inclusive of this distribution, for a combined total of $22.02.
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 |
TC Energy Corp. |
National Bank of Canada |
Power Financial Corp. |
Royal Bank of Canada |
TMX Group Inc. |
Toronto-Dominion Bank |
Distribution Details |
Preferred Share (PDV.PR.A) |
$0.06500 |
Record Date: |
October 31, 2022 |
Payable Date: |
November 10, 2022 |
Investor Relations: 1-877-478-2372 |
Local: 416-304-4443 |
www.primedividend.com |
info@quadravest.com |