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Industrial Alliance Announces 9% Increase in the Dividend on Its Common Shares

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Industrial Alliance Announces 9% Increase in the Dividend on Its Common Shares

Canada NewsWire

QUEBEC CITY, Aug. 2, 2018 /CNW Telbec/ - The Board of Directors of Industrial Alliance Insurance and Financial Services Inc. ("iA Financial Group") (TSX: IAG) announced today an increase of $0.035 in the dividend per outstanding common share for the quarter ended June 30, 2018, raising it to $0.4150. This dividend will be payable on September 17, 2018, to all common shareholders of record at the close of business on August 24, 2018.

Industrial Alliance reminds common shareholders who wish to enrol in the company's Dividend Reinvestment and Share Purchase Plan ("DRIP") that they must do so no later than 4:00 p.m. on August 17, 2018, in order to reinvest the next dividend. To enrol, go to the company's website at ia.ca, under About iA, in the Investor Relations/Dividends section. Please note that the common shares issued under the DRIP will be purchased on the secondary market and that no discount will apply.

Industrial Alliance also announced today:

  • The payment of a dividend of $0.2875 per Non-Cumulative Class A Preferred Share – Series B. This dividend is payable in cash on October 1, 2018, to preferred shareholders of record at September 4, 2018.
  • The payment of a dividend of $0.2360625 per Non-Cumulative Class A Preferred Share – Series G. This dividend is payable in cash on October 1, 2018, to preferred shareholders of record at September 4, 2018.
  • The payment of a dividend of $0.3000 per Non-Cumulative Class A Preferred Share – Series I. This dividend is payable in cash on October 1, 2018, to preferred shareholders of record at September 4, 2018.

For the purposes of the Income Tax Act (Canada) and any corresponding provincial or territorial tax legislation, all dividends paid by the company on its common and preferred shares are considered to be eligible dividends.

About iA Financial Group
Founded in 1892, iA Financial Group is one of the largest insurance and wealth management companies in Canada, with operations in the United States. It is listed on the Toronto Stock Exchange under the ticker symbol IAG.

 

SOURCE Industrial Alliance Insurance and Financial Services Inc.

View original content: http://www.newswire.ca/en/releases/archive/August2018/02/c6458.html

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