Fairfax Financial Announces Preferred Shares Dividend Details
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Fairfax Financial Holdings Limited Announces Quarterly Dividend
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) has recently made an announcement regarding the quarterly dividends on its preferred shares. This is an important development for investors holding preferred shares, as it provides insight into the company's commitment to rewarding its shareholders.
Quarterly Dividends Declared
The company declared the following quarterly dividends per share for its various series of preferred shares:
Preferred Shares Dividends
Series C: $0.294313
Series D: $0.50000
Series E: $0.198938
Series F: $0.43830
Series G: $0.185125
Series H: $0.46323
Series I: $0.207938
Series J: $0.48130
Series K: $0.315313
Series M: $0.312688
Dividend Payment and Record Dates
The payment and record dates for these dividends are set as follows:
- Series C: Payment on September 27, 2024; Record on September 13, 2024
- Series D: Payment on September 26, 2024; Record date not applicable
- Series E: Payment on September 27, 2024; Record date not applicable
- Series F: Payment on September 26, 2024; Record date not applicable
- Series G: Payment on September 27, 2024; Record date not applicable
- Series H: Payment on September 26, 2024; Record date not applicable
- Series I: Payment on September 27, 2024; Record date not applicable
- Series J: Payment on September 26, 2024; Record date not applicable
- Series K: Payment on September 27, 2024; Record date not applicable
- Series M: Payment on September 27, 2024; Record date not applicable
It's important for investors to note that Canadian withholding tax will apply to dividends payable to non-residents of Canada.
Floating Rate Preferred Shares Update
Additionally, Fairfax has established the quarterly dividend rates for its floating rate preferred shares for the period from September 27, 2024, to December 30, 2024. Below are the specified rates along with the annualized rates and expected dividends per share:
Configured Rates
- Series D: Rate 1.91431%, Annualized 7.35499%, Dividend C$0.47858
- Series F: Rate 1.65664%, Annualized 6.36499%, Dividend C$0.41416
- Series H: Rate 1.76075%, Annualized 6.76499%, Dividend C$0.44019
- Series J: Rate 1.83623%, Annualized 7.05499%, Dividend C$0.45906
About Fairfax Financial Holdings Limited
Fairfax Financial is a holding company primarily involved in property and casualty insurance and reinsurance, as well as investment management through its various subsidiaries. This strong foundation enables it to provide consistent returns to its shareholders, showcasing its commitment to financial excellence.
Contact Information
For further inquiries, you can reach out to John Varnell, the Vice President of Corporate Development, at (416) 367-4941. Fairfax continues to prioritize transparency and shareholder engagement, making it easier for investors to get the information they need.
Frequently Asked Questions
What are the recent dividends announced by Fairfax Financial?
Fairfax Financial declared dividends for several series of its preferred shares, including Series C, D, E, F, G, H, I, J, K, and M.
What is the payment date for these dividends?
The payment dates vary by series, with many payments scheduled for September 26 and September 27, 2024.
Will Canadian tax be applied to these dividends?
Yes, dividends payable to non-residents of Canada will be subject to Canadian withholding tax.
What is the significance of floating rate preferred shares?
Floating rate preferred shares offer dividends that vary based on interest rates, reflecting current market conditions, which can be advantageous for investors seeking flexibility.
Who can I contact for more information about Fairfax Financial?
For more information, you can contact John Varnell at (416) 367-4941.
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