Canadian General Investments Announces Dividend for Investors
Canadian General Investments Declares Quarterly Dividend
In a recent announcement, Canadian General Investments, Limited (CGI) has declared a quarterly dividend, providing an encouraging update for its shareholders. The declared dividend of $0.27 per share is scheduled to be paid on September 15 to investors whose shares are recorded by the end of the business day on August 29. This move reflects the company's ongoing commitment to rewarding its shareholders.
Understanding the Types of Dividends
CGI operates with a flexible approach to dividends, allowing for the distribution of two main types: regular and capital gains dividends. The current declaration is categorized as a capital gains dividend. This classification is crucial as it enables CGI to offset taxes paid on realized capital gains under the Income Tax Act applicable in Canada. As an investment corporation, CGI is adept at leveraging tax strategies beneficial to its investors.
Investment Focus of CGI
The company is structured as a closed-end equity fund, concentrating on medium to long-term investments primarily in Canadian corporations. This strategy is designed to yield returns that exceed the market average by focusing on judicious security selection. The company's management emphasizes capital gains and seeks opportunities to generate suitable income-producing instruments.
Financial Outlook for Shareholders
The announcement of the dividend signals a positive financial outlook for CGI and points to its robust investment strategy. By distributing capital gains dividends, CGI is not only providing immediate financial benefits to its stakeholders but also demonstrating sound financial management and growth potential. Investors often view such dividends as a sign of confidence in the company’s future performance.
Contact Information for Shareholders
For those interested in further details regarding the dividend or CGI's operations, inquiries can be directed to:
Jonathan A. Morgan
President & CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
Email: info@canadiangeneralinvestments.ca
Website: www.canadiangeneralinvestments.ca
Frequently Asked Questions
What is the declared dividend amount by CGI?
The declared dividend amount by Canadian General Investments, Limited is $0.27 per share.
When will the dividend be paid out to shareholders?
The dividend is scheduled to be paid out on September 15 to shareholders recorded by the end of business on August 29.
What types of dividends can CGI distribute?
CGI can distribute regular (taxable) dividends and capital gains dividends, like the current one.
Why is the capital gains dividend important?
This dividend allows CGI to recover taxes paid on realized capital gains, which is beneficial for its shareholders.
How does CGI aim to provide returns to investors?
CGI focuses on prudent security selection and invests in medium to long-term Canadian corporations to maximize returns.
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