Fairfax Financial Declares Quarterly Dividends for Preferred Shares

Quarterly Dividend Declaration for Preferred Shares
Fairfax Financial Holdings Limited (TSX: FFH) is pleased to announce a significant update regarding its quarterly dividends. The company has declared dividends for its various series of preferred shares, which are eagerly awaited by stakeholders and investors alike. This announcement reflects Fairfax's commitment to providing value to its shareholders.
Details of the Declared Dividends
The company has outlined the following quarterly dividends per share on its preferred shares:
Dividend Breakdown
Here’s the breakdown of dividends across different series:
- Series G: C$0.185125
- Series H: C$0.32792
- Series I: C$0.207938
- Series J: C$0.34620
- Series K: C$0.315313
Each dividend comes with specified payment dates and record dates, which are crucial for investors to track their entitlements:
- Series G: Payment Date: September 30, 2025, Record Date: September 15, 2025
- Series H: Payment Date: September 29, 2025, Record Date: September 15, 2025
- Series I: Payment Date: September 30, 2025, Record Date: September 15, 2025
- Series J: Payment Date: September 29, 2025, Record Date: September 15, 2025
- Series K: Payment Date: September 30, 2025, Record Date: September 15, 2025
Clarifications on Withholding Tax
It's important for investors, especially non-residents of Canada, to note that applicable Canadian withholding tax will be applied to the dividends. This taxation aspect should be considered when evaluating the net benefit of the dividends declared.
Quarterly Dividend Rate for Floating Rate Preferred Shares
Furthermore, Fairfax has established the quarterly dividend rate for its floating rate preferred shares for the dividend period spanning September 30, 2025, to December 30, 2025. Here’s how it looks:
Float Rate Details
The company has determined additional rates in conjunction with dividends:
- Series J: Rate: 1.38907%, Annualized Rate: 5.51099%, Dividend: C$0.34727
Fairfax's Business Overview
Fairfax is recognized as a holding company primarily involved in property and casualty insurance and reinsurance, alongside associated investment management. This core business aspect positions Fairfax strongly within the financial ecosystem, making it a noteworthy investment for stakeholders.
Contact Information
For further details, stakeholders can reach out to:
John Varnell, Vice President, Corporate Development at (416) 367-4941
Company Updates and Future Plans
In a move to streamline its preferred share structure, Fairfax has also announced its intention to redeem all outstanding cumulative 5-Year Rate Reset Preferred Shares, Series G, and cumulative floating rate preferred shares, Series H, effective September 30, 2025. This strategic decision indicates the company's proactive approach to financial management and shareholder value enhancement.
Frequently Asked Questions
What are the announced dividends for Fairfax preferred shares?
Fairfax has declared dividends for Series G, H, I, J, and K with varying amounts stated in Canadian dollars.
When are the payment dates for the declared dividends?
The payment dates generally fall around September 29 and 30, 2025, depending on the series of shares.
Is there a withholding tax for dividends received by non-residents?
Yes, applicable Canadian withholding tax will be deducted from dividends payable to non-residents.
What is Fairfax’s main business focus?
Fairfax primarily engages in property and casualty insurance and reinsurance along with investment management.
What are Fairfax's future plans regarding certain preferred shares?
Fairfax intends to redeem all outstanding Series G and H preferred shares on September 30, 2025.
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