FTN.PR.A : Dividend Remains at 6.75% until 2022-11-30

Quadravest has announced:

Financial 15 Split Corp. (the “Company”) is pleased to announce the Preferred Share dividend rate for the fiscal year beginning December 1, 2021. Monthly payments to the FTN.PR.A Preferred Share will be maintained at $0.05625 per Share for an annual yield of 6.75% on their $10 redemption value. This represents no change from the current rate.

The Company invests in an actively managed, high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows:

Bank of Montreal National Bank of Canada Bank of America Corp.
The Bank of Nova Scotia Manulife Financial Corporation Citigroup Inc.
Canadian Imperial Bank of Commerce Sun Life Financial Services of Canada Inc. Goldman SachsGroup Inc.
Royal Bank of Canada Great-West Lifeco Inc. JP Morgan Chase & Co.
The Toronto-Dominion Bank CI Financial Corp. Wells Fargo & Co.

The initial temporary increase in dividend was announced last year.

This entry was posted on Monday, October 4th, 2021 at 9:41 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “FTN.PR.A : Dividend Remains at 6.75% until 2022-11-30”

  1. FTN.PR.A Resets To 8.50% For Final Year « PrefBlog says:
    September 18, 2024 at 10:08 pm

    […] has a minimum reset rate of 5.50%, commencing in 2020. Actual rates have been, in order, 6.75%, 6.75%, 7.50% and […]

Leave a Reply

You must be logged in to post a comment.