PRIME DIVIDEND CORP. Monthly Dividend Declaration for Class A & Preferred Share
MWN-AI** Summary
On January 20, 2026, Prime Dividend Corp. announced its monthly dividend declaration for both Class A and Preferred shares. Class A shareholders will receive a dividend of $0.09925 per share, while Preferred shareholders will receive $0.05667 per share. These distributions are scheduled for payment on February 10, 2026, to shareholders registered as of January 30, 2026.
The dividend for Class A shares is determined according to a distribution policy established on July 17, 2014, which applies an annualized rate of 10% on the volume weighted average market price (VWAP) of the shares over the last five trading days of the previous month. The recent VWAP was calculated at $11.91, ensuring that those holding Class A shares as of the record date will maintain a stable yield of 10%. For Preferred shareholders, the dividend is pegged at a rate of prime plus 2.35%, with minimum and maximum payouts set at 5% and 8%, respectively.
Since the inception of these shares, Class A shareholders have received a total of $14.96 per share, while Preferred shareholders have garnered $11.67 per share, culminating in a combined distribution total of $26.63 per share. The company strategically invests in a diversified portfolio of high-yield Canadian companies across various sectors, including major banks such as the Royal Bank of Canada and Bank of Montreal, as well as significant stakeholders in life insurance and utilities. Prime Dividend Corp. continues to serve as a reliable investment option for dividend-seeking investors, providing consistent income through its committed distribution policies.
For inquiries, investors can contact Prime Dividend Corp. at 1-877-478-2372 or visit their website for more information.
MWN-AI** Analysis
As of January 20, 2026, Prime Dividend Corp. has declared monthly distributions for its Class A and Preferred shares, continuing its established trend of providing robust yields to shareholders. For Class A shareholders, a distribution of $0.09925 per share was announced, maintaining a stable yield of 10.00%. This yield is calculated based on the volume-weighted average market price (VWAP) of the shares over the preceding five trading days, which was reported at $11.91. Simultaneously, Preferred shareholders will receive a distribution of $0.05667 per share.
Investors looking for income-generating investments might find Prime Dividend Corp. appealing due to its consistent dividend payments and diversified portfolio, which is primarily composed of high-yielding Canadian companies. Prime Dividend Corp. focuses on prominent sectors such as banking, insurance, and utilities, investing in established entities like the Royal Bank of Canada and BCE Inc. This diversification serves to mitigate risk while providing a steady income stream.
The ongoing monthly distributions demonstrate the company's commitment to delivering shareholder value, with historical performance reflecting a total return of $26.63 per share from Class A and Preferred shares since inception. With a minimum yield of 5.00% for Preferred shares, and a cap at 8.00%, investors may expect reliable income regardless of market fluctuations.
For those considering entry into Prime Dividend Corp., the record date for the upcoming distribution is January 30, 2026, and it will be payable on February 10, 2026. Given the stability of the yields and the company's investment strategy, this may be an opportune time for dividend-focused investors to engage with Prime Dividend Corp., particularly those seeking exposure to a well-managed portfolio within the Canadian market.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
TORONTO, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Prime Dividend Corp. (The "Company") declares its monthly distribution of $0.09925 for each Class A share and $0.05667 for each Preferred share. Distributions are payable February 10, 2026 to shareholders on record as at January 30, 2026.
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 January 30, 2026 will receive a dividend of $0.09925 per share based on the VWAP of $11.91 payable on February 10, 2026. 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 $14.96 per share and Preferred shareholders have received a total of $11.67 per share inclusive of this distribution, for a combined total of $26.63.
The Company invests in a portfolio of high yielding Canadian Companies as follows:
| Banks Bank of Montreal Bank of Nova Scotia CIBC National Bank of Canada Royal Bank of Canada Toronto-Dominion Bank | InvestmentManagement AGF Management Ltd. IGM Financial Inc. | LifeInsurance Great-West Lifeco Inc. Manulife Financial Corporation Sun Life Financial Inc. | Utilities&Other BCE Inc. TransAlta Corp. TC Energy Corp. Power Financial Corp. TMX Group Inc. |
| Distribution Details | |
| Class A Share (PDV) | $0.09925 |
| Preferred Share (PDV.PR.A) | $0.05667 |
| Record Date: | January 30, 2026 |
| Payable Date: | February 10, 2026 |
| Investor Relations: 1-877-478-2372 | Local: 416-304-4443 | www.primedividend.com | info@quadravest.com |
FAQ**
How does the distribution policy for Class A shares (PDV.PR.A:C) compare to industry standards regarding yield stability and performance over the past few years?
What factors contribute to the monthly dividend rate of $0.099for Class A shares (PDV.PR.A:C), and how often has this rate fluctuated since the policy was introduced?
Can you provide insight into the portfolio composition and performance of the high yielding Canadian companies that Prime Dividend Corp. invests in for shares like PDV.PR.A:C?
What strategies does Prime Dividend Corp. have in place to ensure that Preferred shareholders receive competitive returns, particularly concerning the minimum and maximum rates associated with PDV.PR.A:C?
**MWN-AI FAQ is based on asking OpenAI questions about Prime Dividend Corp. Class A Shares (TSXC: PDV:CC).
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