Commerce Split Delivers Monthly Dividends for Preferred Shares
Commerce Split Issues Monthly Dividends for Preferred Shares
Recently, the Commerce Split Company has officially declared its monthly dividend for both Class I and Class II Preferred shareholders. The distribution for Class I Preferred shareholders (YCM.PR.A) is set at $0.02500 per share, which amounts to an annual total of $0.30. Meanwhile, Class II Preferred shareholders (YCM.PR.B) will receive a higher dividend of $0.03125 per share, equating to an annual payment of $0.375.
Understanding the Dividend Structure
The dividends for Class I Preferred shares are calculated based on an annual rate of 6.00%, with calculations made from the $5 repayment amount. For the Class II Preferred shares, the dividends are calculated at an annual rate of 7.50%, also based on the same $5 repayment amount. This structured dividend distribution highlights the company's commitment to providing regular payments to its investors.
Details of Upcoming Distributions
Shareholders can expect to receive the dividend payments on October 10, 2024, provided they are on record as of September 30, 2024. It’s essential for investors to be aware of these dates to ensure they receive their rightful dividends.
Investment Focus of the Company
Commerce Split invests primarily in common shares of the Canadian Imperial Bank of Commerce. This strategic focus helps maintain a robust asset portfolio that can support consistent dividend disbursements, reflecting the company's financial health and operational strategy.
Contact Information for Shareholders
The company encourages shareholders to reach out for any inquiries regarding their dividends or investment details. The Investor Relations team is available at 1-877-478-2372, or locally at 416-304-4443. More information can also be accessed via their website, www.commercesplit.com.
Frequently Asked Questions
What is the dividend amount for Class I Preferred shares?
The dividend for Class I Preferred shares (YCM.PR.A) is $0.02500 per share.
When will the dividends be paid?
Dividends will be payable on October 10, 2024.
What is the annual return for Class II Preferred shares?
The annual return for Class II Preferred shares (YCM.PR.B) is 7.50%, amounting to $0.375 annually.
How does Commerce Split invest its resources?
The company primarily invests in common shares of the Canadian Imperial Bank of Commerce.
Who can I contact for more information about my dividends?
Investors can contact the Investor Relations team at 1-877-478-2372 or 416-304-4443 for inquiries.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Snap Inc's Recent Innovations and Performance Outlook
- Compass Minerals' Cost Management Efforts Shine Through Updates
- General Mills Surpasses Earnings Expectations for Q1 2025
- Moroccan Stock Market Surges: All Shares Reach New Heights
- Biognosys Partners with Thermo Fisher for Spectronaut Software
- Revolutionizing Fundraising: Vocodia's AI Solutions for PACs
- Vivos Therapeutics Ready to Transform Pediatric Sleep Apnea Care
- Key Insights Investors Should Consider for Fed's Decision
- Major Holdings Notification for Middlefield Canadian Income
- Salesforce's Market Position: Insights and Competitor Analysis
Recent Articles
- Navigating Retirement Finances: Insights for Beginners
- Cboe Canada Marks Milestone with New CDR Listings
- Canadian Banc Corp. Announces Monthly Dividend Distribution
- Market Highlights: Fed Rate Cuts, Legal Wins, and Strategic Moves
- Guggenheim Investments Partners with Allvue Systems for Efficiency
- OneLayer Enhances Evergy's Network Security and Management
- Celebrating Todd Ford’s Appointment to Deel's Board of Directors
- Exterra Carbon Solutions Partners for Innovative Carbon Removal
- DGS Reveals Innovative Strategy for Wireless Spectrum Management
- Hygenco Secures Financing for Innovative Green Ammonia Ventures
- Crystal Intelligence Expands Operations with Strategic Leadership
- Understanding the Class Action Settlement for Ginkgo Bioworks
- UnitedHealthcare Community Plan of Kansas Excels in Health Equity
- Transforming Data Centers: Lone Star PACE's $40M Financing Initiative
- Veris Wealth Partners Unveils Innovative Investment Framework
- Discover Reliance Matrix's Revolutionary Small Business Suite
- Shifting Political Landscape: Harris Surges Ahead, Boeing Talks Resume
- Ategrity Specialty Insurance Strengthens Leadership for Growth
- Intelligent Alpha Launches Innovative AI-Driven ETF for Investors
- Analyzing Recent Insider Sales: Coinbase, EA, and More
- Experian Achieves Significant Milestones in FinTech Rankings 2024
- Identifying Consumer Stocks at Risk of Significant Declines
- Travelers Empowers Civic Engagement with New Playbook Launch
- Hargreave Hale AIM VCT PLC Enters New Subscription Offer Phase
- Starbucks Stock: Analyst Predictions Indicate Rising Momentum
- Consilio Introduces Guided AI Review for Legal Efficiency
- Nacha Teams Up with Sardine to Enhance Fraud Prevention
- Basis Industrial Expands with Three New Acquisitions
- Leadership Changes at 360Learning: Marchal Steps Up as CEO
- Holland Industrial Group Transforms Historic Factory for Growth
- Investors Encouraged to Join Verve Therapeutics Legal Action
- Tangoe Recognized for Outstanding Cloud Managed Services in 2024
- Elevating Fitness: Crunch Franchise Opens in the Local Community
- Hemi Labs Secures $15 Million to Innovate Blockchain Integration
- Corus Entertainment Debuts Exciting Lifestyle Networks Soon
- Evergy Partners with OneLayer to Enhance Network Security
- Transforming Sports Bets: LVLup Sports Consulting's Expansive Strategy
- GreenPower's Exciting Move into Zero-Emission School Buses
- BrightFarms Expands with New Greenhouse in Yorkville
- SuperCom Secures Major Contract, Strengthening US Presence
- Zenbase Launches Innovative Rental Reporting API for Credit Growth
- Ahara Corporation Launches Innovative Weight Loss Initiative
- TDb Split Corp. Announces Monthly Dividend for Shares
- Consumers Credit Union Partners with Lumin Digital for Growth
- Dividend Select 15 Corp. Announces Monthly Distribution Update
- Innovative Shipping Solution Revolutionizes Ecommerce Operations
- Bloomage Mid-Year Financial Insights: Unveiling New Strategies
- World Animal Protection US and Plantega Team Up for Climate Action
- MRI Software Welcomes Robb Napolitano as Product Innovation VP
- CIBO Technologies Enhances EQIP Solutions for Farmers