Category Archives: Dividends

Aimia suspends its dividend

Data-driven marketing and loyalty analytics company Aimia Inc. (TSX: AIM) (the “Company”) today announced that its Board of Directors has suspended payment of all dividends on both its outstanding common shares and its Series 1, Series 2 and Series 3 Cumulative Rate Reset Preferred Shares (collectively, the “Preferred Shares”) effective immediately. This includes the previously declared dividends originally scheduled to have been paid on June 30, 2017, to shareholders of record as of June 16, 2017.
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Labrador Iron Ore Royalty Corporation Declares a Special Dividend

The Directors of Labrador Iron Ore Royalty Corporation declared today a regular quarterly cash dividend of $0.25 per Common Share. The Directors also declared a special dividend of $0.35 per Common Share for total dividends of $0.60 per Common Share. All amounts are payable to holders of record at the close of business on June 30, 2017 and to be paid on July 25, 2017.

SOURCE Labrador Iron Ore Royalty Corporation

Laurentian Bank Increases the Dividend on Its Common Shares

Laurentian Bank of Canada’s Board of Directors announces an increase of the dividend on its common shares from 61 to 62 cents per common share. A regular quarterly dividend of 62 cents per share was declared and will be payable on August 1, 2017 to the holders on record at the close of business on July 4, 2017.

The above-mentioned dividend on the common shares is designated as an eligible dividend for the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.

The above-mentioned common shares are Eligible Shares under the Bank’s Shareholder Dividend Reinvestment and Share Purchase Plan. Consequently, the holders of such shares may elect to reinvest their dividends in newly issued Common Shares of the Bank. Such purchases will be made at the applicable Investment Price, less a discount of 2%, and no brokerage commissions or service charges of any kind will apply.

In addition, holders may continue to make monthly optional cash payments to purchase additional Common Shares in accordance with the terms of the Plan.

For more information, please contact Computershare Trust Company of Canada at 1-800-564-6253. Beneficial or non-registered owners of shares must contact their financial institution or broker for instructions on how to participate in the Plan.

About Laurentian Bank

Laurentian Bank of Canada is a financial institution whose activities extend across Canada. Founded in 1846, its mission is to help customers improve their financial health and it is guided by values of proximity, simplicity and honesty.

The Bank serves one and a half million clients throughout the country and employs more than 3,600 individuals, which makes it a major player in numerous market segments. The Bank caters to the needs of retail clients via its branch network based in Quebec. The Bank also stands out for its know-how among small and medium-sized enterprises and real estate developers owing to its specialized teams across Canada. Its subsidiary B2B Bank is, for its part, one of the major Canadian leaders in providing banking products and services and investment accounts through financial advisors and brokers. Laurentian Bank Securities offers integrated brokerage services to a clientele of institutional and retail investors.

The Bank has more than $45 billion in balance sheet assets and more than $32 billion in assets under administration.

Source: Laurentian Bank

BMO Financial Group Increases Common Share Dividend

Bank of Montreal (TSX:BMO)(NYSE: BMO) today announced that the Board of Directors declared a quarterly dividend of $0.90 per share on paid-up common shares of Bank of Montreal for the third quarter of fiscal year 2017 (“Q3 2017 Dividend”), a 2 cent increase from the previous quarter and up 5% from a year ago.

The dividend on the common shares is payable on August 28, 2017, to shareholders of record on August 1, 2017. The dividends on the preferred shares are payable on August 25, 2017, to shareholders of record on August 1, 2017.

The above-mentioned dividends on the common and preferred shares are designated as “eligible” dividends for the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.

Common shareholders may elect to have their cash dividends reinvested in common shares of the Bank in accordance with the Bank’s Shareholder Dividend Reinvestment and Share Purchase Plan (the “Plan”).  For the Q3 2017 Dividend declared today and subsequently until further notice, common shares under the Plan will be purchased on the open market.

For registered shareholders who wish to participate in the Plan, Enrolment Forms must be received by the Bank’s transfer agent, Computershare Trust Company of Canada, by the close of business on August 3, 2017. Beneficial or non-registered holders must contact their financial institution or broker well in advance of the above date for instructions on how to participate.

SOURCE BMO Financial Group

Keyera Announces Dividend Increase

Keyera Corp. (TSX:KEY) (“Keyera”) announced today that it is increasing its monthly cash dividend by approximately 6% from 13.25 cents per common share to 14.00 cents per common share, or $1.68 per common share annually. The dividend increase is effective with the May dividend payable on June 15, 2017, to shareholders of record on May 23, 2017. The ex-dividend date is May 18, 2017. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). For non-resident shareholders, Keyera’s dividends are subject to Canadian withholding tax.

About Keyera Corp.

Keyera Corp. (TSX:KEY) operates one of the largest midstream energy companies in Canada, providing essential services to oil and gas producers in the Western Canada Sedimentary Basin. Its predominantly fee-for-service based business consists of natural gas gathering and processing, natural gas liquids fractionation, transportation, storage and marketing, iso-octane production and sales, and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.

SOURCE Keyera Corp.

CP increases dividend by 12.5 percent

Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today announced  declared a quarterly dividend of $0.5625 per share, an increase of 12.5 percent to the previous dividend of $0.50 per share. The dividend is payable on July 31, 2017 to holders of record at the close of business on June 30, 2017, and is an “eligible” dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation.

SOURCE Canadian Pacific

Summit Industrial Income REIT Increases Its Distributions by 2.4%

“Following an active and successful year in 2016, our portfolio growth accelerated during and subsequent to the first quarter of 2017, augmented by strong operating performance and our proactive leasing activities,” commented Paul Dykeman, Chief Executive Officer. “Looking ahead, we expect a record year in 2017 as the significant increase in the size and scale of our property portfolio so far this year contributes to our revenue and FFO growth going forward. In addition, we continue to evaluate a number of additional accretive acquisition opportunities that we believe will further strengthen and diversify our asset base over the coming months.”

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Hydro One Limited Announces 5% Dividend Increase

Following the conclusion of the first quarter, on May 3, 2017, the Hydro One (H: TSX) declared a quarterly cash dividend to common shareholders of $0.22 per share to be paid on June 30, 2017 to shareholders of record on June 13, 2017. This represents a dividend increase of 5% and is the first increase since the Company instituted a post-IPO common share dividend of $0.21 per share in February 2016. The increase reflects the Company’s expectation of continued long-term earnings growth.

Source: Hydro One