Prime Dividend Corporation (TSX:PDV)
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3 Years : From May 2012 to May 2015
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 November 15, 2012) 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 December 10, 2012 to shareholders on record as of November 30, 2012.
Since inception Class A shareholders have received a total of $6.11 per share and Preferred shareholders have received a total of $3.93 per share inclusive of this distribution, for a combined total of $10.04 per share.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as follows:
Banks Investment Life Insurance Utilities & Other
Bank of Montreal AGF Management Great-West Lifeco BCE Inc.
Bank of Nova Scotia CI Financial Corp. Manulife Financial TransAlta Corp
CIBC IGM Financial Inc. Sun Life Financial TransCanada Corp
National Bank of Power Financial
Royal Bank of TMX Group Inc.
Shares held within the Portfolio will generally represent no less than 4% and no more than 8% of the net asset value.
Class A Share (PDV) $0.06250
Preferred Share (PDV.PR.A) $0.04167
Ex-Dividend Date: November 28, 2012
Record Date: November 30, 2012
Payable Date: December 10, 2012
Prime Dividend Corp.
416-304-4443, toll free at 1-877-4-Quadra (1-877-478-2372)