An anonymous director reports
PRIME DIVIDEND CORP. MONTHLY DIVIDEND DECLARATION FOR CLASS A & PREFERRED SHARE
Prime Dividend Corp. has declared its monthly distribution of 13.267 cents for each Class A share and 5.667 cents for each preferred share. Distributions are payable Oct. 9, 2026, to shareholders on record as at Sept. 30, 2026.
Under the distribution policy announced on July 17, 2014, the monthly dividend payable on the Class A shares is determined by applying an annualized rate of 10.00 per cent on the volume weighted average market price (VWAP) of the Class A shares over the last five trading days of the preceding month. As a result, Class A shareholders of record on Sept. 30, 2026, will receive a dividend of 13.267 cents per share based on the VWAP of $15.92, payable on Oct. 9, 2026. The yield will remain stable at 10.00 per cent (based on the VWAP) under this distribution policy.
Preferred shareholders will receive prime plus 2.35 per cent, with a minimum rate of 5.00 per cent and a maximum rate.
Since inception, Class A shareholders have received a total of $15.86 per share and preferred shareholders have received a total of $12.13 per share, inclusive of this distribution, for a combined total of $27.99.
The company invests primarily in a portfolio of high-yielding Canadian companies, as detailed in an attached table.
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