MONTRÉAL, Feb. 13, 2019 /CNW Telbec/ - Power Corporation of Canada (TSX: POW) announces the declaration of quarterly dividends on its shares.
Dividends on Non-Participating Preferred Shares
The Board of Directors declared quarterly dividends on the Corporation's preferred shares, payable April 15, 2019 to shareholders of record March 25, 2019:
Floating rate 1
1 Equal to one quarter of 70% of the average prime rate of two major Canadian chartered banks for the period December 1, 2018 to February 28, 2019.
Dividends on Participating Shares
The Board of Directors also declared a quarterly dividend of 38.20 cents per share on the Participating Preferred Shares and the Subordinate Voting Shares of the Corporation, payable March 29, 2019 to shareholders of record on March 8, 2019.
Financial results for the year 2018 will be announced following the forthcoming regularly scheduled meeting of the Corporation's Board of Directors on March 20, 2019.
For purposes of the Income Tax Act (Canada) and any similar provincial legislation, all of the above dividends on the Corporation's preferred shares (including the Participating Preferred Shares) and Subordinate Voting Shares are eligible dividends.
About Power Corporation
Power Corporation of Canada is a diversified international management and holding company with interests in companies in the financial services, asset management, sustainable and renewable energy, and other business sectors in North America, Europe and Asia. To learn more, visit www.PowerCorporation.com.
SOURCE Power Corporation of Canada