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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-15 | C$0.20 | quarterly | 2024-10-31 |
2024-07-15 | C$0.20 | quarterly | 2024-07-31 |
2024-04-12 | C$0.20 | quarterly | |
2024-01-12 | C$0.20 | quarterly | |
2023-10-12 | C$0.20 | quarterly | 2023-10-31 |
2023-07-13 | C$0.20 | quarterly | 2023-07-31 |
2023-04-13 | C$0.20 | quarterly | 2023-04-28 |
2023-01-12 | C$0.22 | quarterly | 2023-01-31 |
2022-10-13 | C$0.22 | quarterly | |
2022-07-14 | C$0.22 | quarterly | |
2022-04-13 | C$0.22 | quarterly | |
2022-01-13 | C$0.22 | quarterly | |
2021-10-14 | C$0.20 | quarterly | 2021-10-29 |
2021-07-14 | C$0.20 | quarterly | 2021-07-30 |
2021-04-14 | C$0.20 | quarterly | 2021-04-30 |
2021-01-14 | C$0.12 | quarterly | 2021-01-29 |
2020-10-14 | C$0.10 | quarterly | 2020-10-30 |
2020-07-14 | C$0.10 | quarterly | |
2020-04-14 | C$0.10 | quarterly | |
2020-01-14 | C$0.20 | quarterly | |
2019-10-11 | C$0.20 | quarterly | |
2019-07-12 | C$0.20 | quarterly | |
2019-04-12 | C$0.20 | quarterly | |
2019-01-14 | C$0.20 | quarterly | |
2018-10-12 | C$0.20 | quarterly | |
2018-07-12 | C$0.20 | quarterly | |
2018-04-12 | C$0.20 | quarterly | |
2018-01-12 | C$0.20 | quarterly | |
2017-10-12 | C$0.20 | quarterly | |
2017-07-12 | C$0.20 | quarterly | |
2017-04-11 | C$0.20 | quarterly | |
2017-01-13 | C$0.20 | quarterly | |
2016-10-13 | C$0.20 | quarterly | |
2016-07-13 | C$0.20 | quarterly | |
2016-04-13 | C$0.20 | quarterly | |
2016-01-13 | C$0.20 | quarterly | |
2015-10-13 | C$0.20 | quarterly | |
2015-07-13 | C$0.20 | quarterly | |
2015-04-13 | C$0.20 | quarterly | |
2015-01-13 | C$0.20 | quarterly | |
2014-10-10 | C$0.22 | quarterly | |
2014-07-11 | C$0.22 | quarterly | |
2014-04-11 | C$0.22 | quarterly | |
2014-01-13 | C$0.22 | quarterly | |
2013-10-10 | C$0.22 | quarterly | |
2013-07-11 | C$0.22 | quarterly | |
2013-04-11 | C$0.22 | quarterly | |
2013-01-11 | C$0.22 | quarterly |
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
Premium Income Dividend FAQ
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.
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.
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.
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.
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.