Fairfax Financial Holdings Declares Quarterly Preferred Dividends
Forward-Looking Quarterly Dividend Announcements
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) has officially announced its latest dividends for preferred shares. Investors will be pleased to learn about the quarterly dividends that have been declared, showcasing the company’s solid financial management and commitment to its shareholders.
Detailing the Dividend Declarations
The declared dividends, effective shortly, are segmented by series, providing specific amounts for each category. Here’s a breakdown of the dividends per share for several preferred shares:
Preferred Shares and Their Corresponding Dividends
On March 31, 2025, shareholders can expect certain dividend distributions as follows:
- Series E: 0.198938 C$
- Series F: 0.34773 C$
- Series G: 0.185125 C$
- Series H: 0.37239 C$
- Series I: 0.207938 C$
- Series J: 0.39027 C$
- Series K: 0.315313 C$
- Series M: 0.312688 C$
Dividend Payment Timeline
For those who are eagerly awaiting these dividends, it is essential to note the record date. Shareholders eligible to receive these distributions will be determined by the record date set for March 14, 2025. This strategic planning allows the company to ensure a seamless transaction process during the payment cycles.
Tax Considerations for Shareholders
Investors should be aware that applicable Canadian withholding tax will be enforced on dividends paid to non-residents. Therefore, it's crucial for shareholders residing outside of Canada to consider any potential tax implications that may affect their returns.
Floating Rate Preferred Shares Insights
In addition to the fixed dividends detailed earlier, Fairfax has announced the quarterly dividend rates for its floating rate preferred shares during the period from March 31, 2025, to June 29, 2025. These include:
- Series H: a rate of 1.34579%
- Series J: a rate of 1.41809%
Understanding Annualized Rates
These fluctuating rates translate to annualized amounts of 5.39796% for Series H, yielding a dividend of 0.33645 C$, and 5.68796% for Series J, providing 0.35452 C$ in dividends. Investors often favor these options as they can offer potentially higher returns aligned with market dynamics.
Company Overview
Fairfax is not just a preferred share issuer; it operates as a diversified holding company with a focus on property and casualty insurance and reinsurance, along with investment management strategies. This diversified portfolio positions Fairfax robustly within the financial sector.
Contact for Investor Inquiries
For any shareholder inquiries or further information about these dividends, investors can reach out directly to John Varnell, Vice President, Corporate Development, at (416) 367-4941. Engaging with corporate development can provide clarity on any outstanding questions concerning future dividend distributions or company policies.
Frequently Asked Questions
What dividends have been declared by Fairfax Financial Holdings?
Fairfax has declared quarterly dividends for Series E, F, G, H, I, J, K, and M preferred shares. The specific amounts vary per series.
When is the record date for these dividends?
The record date for shareholders to qualify for the dividends is set for March 14, 2025.
Who is impacted by Canadian withholding tax on dividends?
Non-residents of Canada receiving dividends will be subject to applicable Canadian withholding tax.
What are the floating rate dividend rates for Series H and J?
For the upcoming period, Series H has a rate of 1.34579%, and Series J has a rate of 1.41809%.
How can I contact the company for more information?
Investors can contact John Varnell at (416) 367-4941 for inquiries related to the announced dividends or any other shareholder matters.
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