Canadian General Investments, Limited Dividend Announcement
Canadian General Investments, Limited (CGI) has recently declared a quarterly dividend of $0.25 per share. This payment will be made on December 15, 2024, for common shareholders listed on the records by November 29, 2024. This dividend is recognized as an ‘eligible dividend’ under the Income Tax Act in Canada.
Focus and Objectives of CGI
CGI is a closed-end equity fund that targets medium to long-term investments, primarily focusing on Canadian corporations. The company's goal is to deliver superior returns to its investors through disciplined security selection. It recognizes capital gains and losses promptly while utilizing appropriate income-generating instruments.
Contact Information for Inquiries
For those seeking further information regarding the dividend or company operations, you can reach out to: Jonathan A. Morgan, President & CEO.
Phone: (416) 366-2931
Fax: (416) 366-2729
Email: cgifund@mma-investments.com
Website: www.canadiangeneralinvestments.ca
Implications for Shareholders
This dividend declaration is significant for current and prospective shareholders of CGI, as it showcases the company’s commitment to rewarding its investors. Dividends are crucial for stockholder income and can often indicate a company's financial health. Investors often view consistent dividends as a sign of stability and profitability.
The Future of Canadian General Investments
Looking forward, CGI continues to focus on enhancing its investment portfolio to achieve better than average market returns. The closed-end equity structure allows the firm to capitalize on both growth opportunities and income generation, which is essential in today’s volatile markets. As CGI navigates various market dynamics, its dedication to prudent investment strategies remains a consistent theme.
Frequently Asked Questions
What is the amount of the declared dividend by CGI?
The declared dividend by Canadian General Investments, Limited is $0.25 per share.
When will the dividend be paid?
The dividend is scheduled to be paid on December 15, 2024.
Who is eligible to receive the dividend?
Common shareholders on record as of November 29, 2024, will be eligible to receive the dividend payment.
How can I contact Canadian General Investments for more information?
For inquiries, you can contact Jonathan A. Morgan at (416) 366-2931 or email cgifund@mma-investmgr.com.
What is the investment focus of CGI?
Canadian General Investments primarily focuses on medium to long-term investments in Canadian corporations, aiming for above-average returns for its investors.
