From TokenPost · · 50s
Prime Dividend Cuts Monthly Class A Distribution
Prime Dividend Corp. reduces Class A dividend to CAD 0.12267 per share.
In brief
Prime Dividend Corp. reduces Class A dividend to CAD 0.12267 per share. Prime Dividend Corp. lowered its monthly Class A distribution to CAD 0.12267 per share for shareholders. Originally reported by TokenPost.
Prime Dividend Corp. reduces Class A distribution
Prime Dividend Corp. reduced its monthly Class A distribution by CAD 0.01 per share to CAD 0.12267, lowering the upcoming payment for shareholders while keeping preferred share payout unchanged.
New payment schedule
The new amount is payable Nov. 10 to shareholders of record Oct. 30, matching preferred shareholders' previous monthly payment of CAD 0.05667.
Distribution calculation method
Prime Dividend sets Class A distribution using a 10% annualized rate applied to the shares’ volume-weighted average price over the final five trading days of the preceding month.
What it means
Prime Dividend Corp. lowered its monthly Class A distribution to CAD 0.12267 per share for shareholders.
