Business
Olympia Financial Group Inc. Announces 33% Increase to Monthly Cash Dividend
Calgary, Alberta--(Newsfile Corp. - August 12, 2023) - Olympia Financial Group Inc. (TSX: OLY) ("...
About this update from Olympia Financial Group Inc.
[{"type":"text","content":"Olympia Financial Group Inc. Announces 33% Increase to Monthly Cash DividendCalgary, Alberta--(Newsfile Corp. - August 12, 2023) - Olympia Financial Group Inc. (TSX: OLY) (\"Olympia\") is pleased to announce that its board of directors has approved a 33.33% increase to its monthly cash dividend from $0.45 to $0.60 per common share commencing with its September 2023 monthly dividend. On an annualized basis, dividends on Olympia's common shares will increase by $1.80 from $5.40 to $7.20 per common share.Olympia's dividend payments to holders of Olympia common shares are designated as \"eligible dividends\" for Canadian tax purposes.About Olympia Financial Group Inc.Olympia Financial Group Inc. (\"OFGI\") conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. Olympia Trust Company administers self-directed registered plan accounts, provides currency exchange and payment services, corporate trust, and transfer agency services. OFGI also offers private health services plans and information technology services to exempt market dealers, registrants, and issuers through its subsidiary Olympia Benefits Inc.Olympia's common shares are listed on the Toronto Stock Exchange under the symbol \"OLY\".For further information, please contact:Olympia Financial Group Inc.Rick Skauge, President and Chief Executive OfficerJennifer Urscheler, Chief Financial Officer Phone: (403) 261-0900Fax: (403) 265-1455Statements Regarding Forward Looking InformationCertain portions of this press release as well as other public statements by Olympia contain \"forward-looking information\" within the meaning of applicable Canadian securities legislation, which is also referred to as \"forward-looking statements\", which may not be based on historical fact. Wherever possible, words such as \"will\", \"plans,\" \"expects,\" \"targets,\" \"continue\", \"estimates,\" \"scheduled,\" \"anticipates,\" \"believes,\" \"intends,\" \"may,\" and similar expressions or statements that certain actions, events or results \"may,\" \"could,\" \"would,\" \"might\" or \"will\" be taken, occur or be achieved, have been used t...