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Premium Income Corporation is an equity mutual fund launched and managed by Strathbridge Asset Management Inc. It invests in the public equity markets of Canada. It invests in stocks of companies operating primarily in the banking sector. The fund uses financial derivatives such as call and put options to invest in stocks of Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, and Toronto Dominion Bank. It seeks to invest in stocks of dividend paying companies. The fund benchmarks the performance of its portfolio against the S&P/TSX Diversified Banks Total Return Index. Premium Income Corporation was formed on August 27, 1996 and is domiciled in Canada.

Premium Income Dividend Announcement

Premium Income announced a quarterly dividend of C$0.20 per ordinary share which will be made payable on 2024-10-31. Ex dividend date: 2024-10-15
Premium Income annual dividend for 2024 was C$0.81
Premium Income annual dividend for 2023 was C$0.82
Premium Income's trailing twelve-month (TTM) dividend yield is 24.89%
Premium Income's payout ratio for the trailing twelve months (TTM) is 701.70%
Premium Income's dividend growth over the last five years (2018-2023) was 0.30% year
Premium Income's dividend growth over the last ten years (2013-2023) was -0.46% year

Premium Income Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-10-15C$0.20quarterly2024-10-31
2024-07-15C$0.20quarterly2024-07-31
2024-04-12C$0.20quarterly
2024-01-12C$0.20quarterly
2023-10-12C$0.20quarterly2023-10-31
2023-07-13C$0.20quarterly2023-07-31
2023-04-13C$0.20quarterly2023-04-28
2023-01-12C$0.22quarterly2023-01-31
2022-10-13C$0.22quarterly
2022-07-14C$0.22quarterly
2022-04-13C$0.22quarterly
2022-01-13C$0.22quarterly
2021-10-14C$0.20quarterly2021-10-29
2021-07-14C$0.20quarterly2021-07-30
2021-04-14C$0.20quarterly2021-04-30
2021-01-14C$0.12quarterly2021-01-29
2020-10-14C$0.10quarterly2020-10-30
2020-07-14C$0.10quarterly
2020-04-14C$0.10quarterly
2020-01-14C$0.20quarterly
2019-10-11C$0.20quarterly
2019-07-12C$0.20quarterly
2019-04-12C$0.20quarterly
2019-01-14C$0.20quarterly
2018-10-12C$0.20quarterly
2018-07-12C$0.20quarterly
2018-04-12C$0.20quarterly
2018-01-12C$0.20quarterly
2017-10-12C$0.20quarterly
2017-07-12C$0.20quarterly
2017-04-11C$0.20quarterly
2017-01-13C$0.20quarterly
2016-10-13C$0.20quarterly
2016-07-13C$0.20quarterly
2016-04-13C$0.20quarterly
2016-01-13C$0.20quarterly
2015-10-13C$0.20quarterly
2015-07-13C$0.20quarterly
2015-04-13C$0.20quarterly
2015-01-13C$0.20quarterly
2014-10-10C$0.22quarterly
2014-07-11C$0.22quarterly
2014-04-11C$0.22quarterly
2014-01-13C$0.22quarterly
2013-10-10C$0.22quarterly
2013-07-11C$0.22quarterly
2013-04-11C$0.22quarterly
2013-01-11C$0.22quarterly

Premium Income Dividend per year

Premium Income Dividend growth

Premium Income Dividend Yield

Premium Income current trailing twelve-month (TTM) dividend yield is 24.89%. Interested in purchasing Premium Income stock? Use our calculator to estimate your expected dividend yield:

Premium Income Financial Ratios

P/E ratio17.45
PEG ratio0.57
P/B ratio1.38
ROE13.75%
Payout ratio701.70%
Current ratio1.18
Quick ratio2.23
Cash Ratio0.00

Premium Income Dividend FAQ

How much is the next Premium Income dividend?
Premium Income's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Premium Income dividend. The next Premium Income dividend will be released in January, April, July, or October.
When is Premium Income dividend paid?
Premium Income pays dividends on a quarterly basis. The specific dates may vary each year but are generally around January, April, July, and October. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Premium Income pay?
The specific amount of Premium Income dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Premium Income's dividend history.
Does Premium Income stock pay dividends?
Yes, Premium Income does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Premium Income's dividend history.
How much dividend does Premium Income pay?
Premium Income paid C$0.812 in 2024, C$0.825 in 2023, C$0.864 in 2022, C$0.735 in 2021, and C$0.503 in 2020.
How often does Premium Income pay dividends?
Premium Income typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around January, April, July, and October.
What is Premium Income's dividend yield?
The current dividend yield for Premium Income is 24.89%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Premium Income's exact dividend yield.
When does Premium Income go ex dividend?
Premium Income's ex-dividend date for the latest dividend was on 2024-10-15. Premium Income typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Premium Income dividend paid?
Premium Income pays dividends on a quarterly basis, typically around January, April, July, or October, but the exact dates can vary each year.
Will Premium Income increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Premium Income will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Premium Income dividend per share?
Premium Income paid C$0.812 per share in 2024 and C$0.825 per share in 2023. The amount of dividend per share that Premium Income pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Premium Income a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Premium Income a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Premium Income a dividend stock?
Yes, Premium Income is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Premium Income a good dividend stock?
Whether Premium Income is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Premium Income has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Premium Income as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Premium Income pay dividends monthly?
Premium Income typically pays dividends on a quarterly basis.
Does Premium Income pay dividends quarterly?
Premium Income currently pays dividends on a quarterly basis.
Has Premium Income ever paid a dividend?
Yes, Premium Income has a history of paying dividends to its shareholders. Premium Income is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Premium Income dividend stocks?
To buy Premium Income you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Premium Income stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Premium Income pay dividends 2024?
Premium Income pays dividends on a quarterly basis. 2024 dividend payments are in 2024-10-31. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Premium Income increase its dividend in 2024?
Decisions regarding Premium Income dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Premium Income dividend overview you can look into the above table of dividend history.
How Premium Income dividend works?
The Premium Income dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Premium Income's dividend process works:

1. Determination of Dividend: Premium Income's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.

2. Dividend Declaration: Once the board approves a dividend, Premium Income publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.

3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.

4. Payment Date: On the designated payment date, Premium Income distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.

5. Tax Implications: Dividends received from Premium Income are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Premium Income dividends paid?
Premium Income dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Premium Income sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.

2. Payment Date: On the designated payment date, Premium Income distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Premium Income declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Premium Income pay dividends?
Premium Income typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Premium Income pay dividends?
The general pattern is that Premium Income pays dividends around January, April, July, and October. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Premium Income dividend safe?
The safety of Premium Income's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Premium Income's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.

It is recommended to review Premium Income's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.