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PRIME DIVIDEND CORP. Monthly Dividend Declaration for Class A & Preferred Share
TORONTO, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Prime Dividend Corp. (The "Company") declares its mont...
About this update from Prime Dividend Corp A 2018-01.12.23
[{"type":"text","content":"PRIME DIVIDEND CORP. Monthly Dividend Declaration for Class A & Preferred Share\nTORONTO, 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: BanksBank of MontrealBank of Nova ScotiaCIBCNational Bank of CanadaRoyal Bank of CanadaToronto-Dominion BankInvestmentManagementAGF Management Ltd.IGM Financial Inc.LifeInsuranceGreat-West Lifeco Inc.Manulife Financial CorporationSun Life Financial Inc.Utilities&OtherBCE Inc.TransAlta Corp.TC Energy Corp.Power Financial Corp.TMX Group Inc.     Distribution Details  Class A Share (PDV)$0.09925Preferred Share (PDV.PR.A)$0.05667Record Date:January 30, 2026Payable Date:February 10, 2026 Investor Relations: 1-877-478-2372Local: [email protected] \n","length":5811,"tagName":"div"}]