Fairfax Financial Holdings Limited Announces Quarterly Dividend
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) has recently announced the quarterly dividends for its preferred shares. This update is significant for investors holding these shares, as it highlights the company's dedication to rewarding its shareholders.
Quarterly Dividends Declared
The company has 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 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
Investors should be aware that Canadian withholding tax will be applied to dividends paid to non-residents of Canada.
Floating Rate Preferred Shares Update
In addition, Fairfax has set 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 their 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 that primarily operates in property and casualty insurance, reinsurance, and investment management through its various subsidiaries. This robust foundation allows the company to deliver consistent returns to its shareholders, demonstrating its commitment to financial excellence.
Contact Information
If you have any questions, please reach out to John Varnell, the Vice President of Corporate Development, at (416) 367-4941. Fairfax is dedicated to transparency and shareholder engagement, making it easier for investors to obtain the information they need.
Frequently Asked Questions
What are the recent dividends announced by Fairfax Financial?
Fairfax Financial has 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 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 incur Canadian withholding tax.
What is the significance of floating rate preferred shares?
Floating rate preferred shares provide dividends that fluctuate based on interest rates, reflecting current market conditions, which can be beneficial for investors seeking flexibility.
Who can I contact for more information about Fairfax Financial?
For additional information, you can contact John Varnell at (416) 367-4941.
