Canadian General Investments Increases Shareholder Dividend Value
Canadian General Investments Announces New Dividend
Canadian General Investments, Limited (TSX: CGI) has recently made headlines by declaring a significant quarterly dividend of $0.25 per share. This exciting news is set to resonate positively with common shareholders, as the dividend will be payable on December 15, 2024, to those who hold shares by the close of business on November 29, 2024. This declaration underscores Canadian General Investments' commitment to returning value to its shareholders.
Understanding the Dividend Structure
This dividend is classified as an 'eligible dividend' in accordance with the Income Tax Act in Canada. For shareholders, this means that the dividend may enjoy favorable tax treatment, which is a key aspect to consider when evaluating investment returns. The opportunity for tax efficiency is particularly appealing in an investment landscape where such advantages can enhance overall yield.
Investment Philosophy of Canadian General Investments
As a closed-end equity fund, the primary focus of Canadian General Investments is on making prudent investment choices in public companies, predominantly based in Canada. With a strategic emphasis on medium to long-term investments, the company aims to outperform average market returns by employing a careful selection of securities, recognizing potential capital gains, and utilizing appropriate income-generating instruments.
Leadership Insights
Jonathan A. Morgan, the President and CEO of Canadian General Investments, emphasizes the firm's dedication to delivering superior investment outcomes for their clients. His leadership has been instrumental in steering the company's investment strategies, ensuring that Canadian General Investments remains agile and responsive to changing market conditions.
Contact Information
For further inquiries, interested parties can reach out directly to the company. Jonathan A. Morgan can be contacted at Phone: (416) 366-2931 or Fax: (416) 366-2729. Additionally, potential investors or shareholders are welcome to email at cgifund@mmainvestments.com for inquiries related to investment opportunities.
For more comprehensive insights and updates, please visit their official website: www.canadiangeneralinvestments.ca.
Frequently Asked Questions
What is the amount of the declared dividend by Canadian General Investments?
The declared dividend is $0.25 per share, payable to eligible shareholders.
When is the dividend expected to be paid?
The dividend will be paid on December 15, 2024, to shareholders who hold shares by the closing date on November 29, 2024.
What does 'eligible dividend' mean for shareholders?
An 'eligible dividend' means it may receive preferential tax treatment under the Canadian Income Tax Act, potentially enhancing shareholder returns.
Who is the CEO of Canadian General Investments?
Jonathan A. Morgan serves as the President and CEO of Canadian General Investments, overseeing the company's investment strategies.
Where can I find more information about Canadian General Investments?
Additional information can be found on their official website at www.canadiangeneralinvestments.ca.
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