Fairfax Financial Announces Quarterly Dividend on Preferred Shares
TORONTO, Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) has declared dividends on its preferred shares. This announcement outlines the specific dividends for Series C, D, E, F, G, H, I, J, K, and M for the recent quarter.
Details of Quarterly Dividends
The declared dividends per share are as follows:
Series C: C$0.294313, Payment Date: December 31, 2024, Record Date: December 13, 2024.
Series D: C$0.47858, Payment Date: December 30, 2024.
Series E: C$0.198938, Payment Date: December 31, 2024.
Series F: C$0.41416, Payment Date: December 30, 2024.
Series G: C$0.185125, Payment Date: December 31, 2024.
Series H: C$0.44019, Payment Date: December 30, 2024.
Series I: C$0.207938, Payment Date: December 31, 2024.
Series J: C$0.45906, Payment Date: December 30, 2024.
Series K: C$0.315313, Payment Date: December 31, 2024.
Series M: C$0.312688, Payment Date: December 31, 2024.
It is important to note that affected shareholders should be aware of applicable withholding taxes on dividends for non-residents of Canada.
Quarterly Dividend Rates for Floating Rate Preferred Shares
Alongside the fixed-rate dividends, quarterly rates have been established for the series of floating rate preferred shares. Here are the details:
Series F: Rate 1.39093%, Annualized Rate 5.64100%, Dividend C$0.34773.
Series H: Rate 1.48956%, Annualized Rate 6.04100%, Dividend C$0.37239.
Series J: Rate 1.56107%, Annualized Rate 6.33100%, Dividend C$0.39027.
Overview of Fairfax Financial Holdings
Fairfax is a reputable holding company engaged in property and casualty insurance, reinsurance, and investment management. The firm, through its subsidiaries, offers a robust portfolio of insurance solutions and continues to ensure reliable returns for its investors. With a strong commitment to enhancing shareholder value, Fairfax remains focused on maintaining solid performance across its offerings.
Contact Information
For further inquiries related to the dividend announcement, interested parties can reach out to John Varnell, Vice President of Corporate Development, at (416) 367-4941.
Frequently Asked Questions
What does the announced dividend mean for shareholders?
The announced dividends provide a return on investment for shareholders of the preferred shares.
When will the dividends be paid?
The payment dates vary by series, with the earliest scheduled for December 30, 2024, for certain shares.
What are the tax implications for non-residents?
Non-residents of Canada will be subject to Canadian withholding tax on the dividends.
How does Fairfax Financial manage its investments?
Fairfax employs a diversified investment strategy in both property and casualty insurance and reinsurance operations.
Where can I find more information about preferred shares?
Further details about preferred shares can be accessed through Fairfax Financial's investor relations or financial statements.
