Fairfax Financial Declares Quarterly Preferred Share Dividends
Fairfax Financial Holdings Limited Quarterly Dividend Announcement
Fairfax Financial Holdings Limited (TSX: FFH) has recently announced its quarterly dividends for various preferred shares. This decision reflects the company's commitment to rewarding its shareholders through consistent returns. As part of this announcement, several Series of preferred shares will receive specific dividends.
Details of the Quarterly Dividends
The preferred shares receiving dividends include Series E, F, G, H, I, J, K, and M. Here’s a summary of the dividends declared for each series:
For Series E, the dividend will be C$0.198938, with payment scheduled for March 31, 2025. Series F will receive a dividend of C$0.34773, set for payment on March 28, 2025. The Series G dividend amounts to C$0.185125, also paid on March 31, 2025.
Particularly noteworthy are Series H and J, which carry dividends of C$0.37239 and C$0.39027, respectively, with payments on March 28, 2025. The other series, namely I, K, and M, have dividends set at C$0.207938, C$0.315313, and C$0.312688, all with payments on March 31, 2025.
Impact of Withholding Tax
For investors residing outside Canada, it is important to note that applicable Canadian withholding tax will be applied to dividends payable to non-residents. This taxation is a standard practice for dividends distributed by Canadian companies.
Quarterly Dividend Rates for Floating Rate Preferred Shares
Additionally, Fairfax Financial Holdings Limited will determine the quarterly dividend rates for its floating rate preferred shares for the upcoming period from March 31, 2025, to June 29, 2025. The announced rates are crucial for investors who hold these preferred shares and are looking to understand potential returns during this time.
Overview of Fairfax Financial Holdings Limited
Fairfax operates as a leading holding company primarily involved in property and casualty insurance, reinsurance, and investment management. The company consistently seeks to create value for its shareholders by effectively managing risks and returns through its various investment and insurance operations.
Contact Information for Investor Queries
For further inquiries related to these dividends, investors can reach out to John Varnell, Vice President of Corporate Development. He is available at (416) 367-4941 for any relevant questions or clarifications.
Conclusion
The declaration of dividends by Fairfax Financial Holdings Limited serves as an affirmation of the company’s financial health and its dedication to shareholder returns. Investors can look forward to the upcoming payment dates and dividend amounts as they reflect the ongoing success of the firm.
Frequently Asked Questions
What types of preferred shares does Fairfax Financial offer dividends on?
Fairfax offers dividends on Series E, F, G, H, I, J, K, and M preferred shares.
When are the dividends for Series H and J scheduled?
The dividends for Series H and J are scheduled for payment on March 28, 2025.
Is there a withholding tax on dividends for non-residents?
Yes, applicable Canadian withholding tax will be applied to dividends payable to non-residents of Canada.
Who can I contact for more information about the dividends?
For more information, you can contact John Varnell, the Vice President of Corporate Development, at (416) 367-4941.
What is the role of Fairfax Financial Holdings Limited?
Fairfax operates primarily in property and casualty insurance and reinsurance and is also involved in investment management.
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