Prime Dividend Corp. Monthly Dividend Declaration for Class A & Preferred Share

TORONTO, May 21, 2026 (GLOBE NEWSWIRE) -- Prime Dividend Corp. (The "Company") declares its monthly distribution of $0.10208 for each Class A share and $0.05667 for each Preferred share. Distributions are payable June 10, 2026 to shareholders on record as at May 29, 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 May 29, 2026 will receive a dividend of $0.10208 per share based on the VWAP of $12.25 payable on June 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 $15.35 per share and Preferred shareholders have received a total of $11.90 per share inclusive of this distribution, for a combined total of $27.25.

The Company invests primarily in a portfolio of high yielding Canadian Companies as follows:

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.