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Dundee Corporation Announces Dividend for Quarterly First Preference Shares, Series 3

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Dundee Corporation Declares Quarterly Dividend for First Preference Shares, Series 3

Dundee Corporation (TSX: DC.PR.D) has announced that its board of directors has approved the payment of a quarterly cash dividend of $0.58351 per cumulative floating rate first preference share, series 3. The dividend will be payable on January 2, 2024, to shareholders of record on December 19, 2023. This dividend is classified as an eligible dividend for the purposes of section 89 of the Income Tax Act (Canada).

About Dundee Corporation

Dundee Corporation is a publicly traded Canadian independent holding company listed on the Toronto Stock Exchange under the symbol "DC.A". With over 30 years of experience in making accretive mining investments, Dundee Corporation is an active investor focused on delivering long-term, sustainable value as a trusted partner in the mining sector.

Investor and Media Relations

For further information, please contact Dundee Corporation's Investor and Media Relations team at (416) 864-3584 or via email at ir@dundeecorporation.com. In conclusion, Dundee Corporation's declaration of a quarterly dividend for its first preference shares, series 3, highlights the company's commitment to providing value to its shareholders. As a trusted partner in the mining sector, Dundee Corporation continues to leverage its expertise and experience to make strategic investments that contribute to long-term growth and success.

Impact of Dundee Corporation's Dividend Declaration on New Businesses

Dundee Corporation's recent announcement of a quarterly dividend for its first preference shares, series 3, sends a strong signal to new businesses about the importance of shareholder value. This move not only demonstrates the company's financial stability but also its commitment to rewarding investors.

Lessons for New Businesses

New businesses can learn from Dundee Corporation's approach to dividends. Regular dividends can be a powerful tool for attracting and retaining investors, as they provide a steady return on investment. This is particularly important in sectors like mining, where investments can be risky and long-term returns are uncertain.
Strategic Investments and Long-term Growth
Furthermore, Dundee Corporation's track record of making strategic investments that contribute to long-term growth is a model that new businesses can emulate. This strategy, combined with a commitment to shareholder value, can help new businesses establish a strong financial foundation and build trust with investors. In conclusion, Dundee Corporation's dividend declaration offers valuable insights for new businesses. It underscores the importance of shareholder value and strategic investments in achieving long-term success.
Story First Published at: https://financialpost.com/globe-newswire/dundee-corporation-declares-quarterly-first-preference-shares-series-3-dividend-14
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