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Common and preferred shareholders receive dividends when they are declared by the Company’s board of directors. The amount of the dividend on the common shares varies according to the Company’s financial situation, while the dividend on preferred shares is determined when the shares are issued. Note that common shares rank after preferred shares when it comes to dividend rights.A public notice is issued each time a dividend is declared.
Dividends Paid per Common Share | Declaration date | Record date | Payment date | Amount of dividend ($) | Amount paid per year ($) | | 2010 | | | | | | | Feb 12, 10 | Feb 19, 10 | Mar 15, 10 | 0.2450 | | | 2009 | | | | | 0.9800 | | Nov 4, 09 | Nov 20, 09 | Dec 15, 09 | 0.2450 | | | July 28, 09 | Aug 21, 09 | Sept 15, 09 | 0.2450 | | | May 6, 09 | May 26, 09 | Jun 15, 09 | 0.2450 | | | Feb 13, 09 | Feb 24, 09 | Mar 16, 09 | 0.2450 | | | 2008 | | | | | 0.9400 | | Nov 5, 08 | Nov 21, 08 | Dec 15, 08 | 0.2450 | | | July 29, 08 | Aug 22, 08 | Sept 15, 08 | 0.2450 | | | May 7, 08 | May 23, 08 | June 13, 08 | 0.2250 | | | Feb 13, 08 | Feb 26, 08 | Mar 17, 08 | 0.2250 | | | 2007 | | | | | 0.7600 | | Nov 7, 07 | Nov 23, 07 | Dec 17, 07 | 0.2000 | | | July 31, 07 | Aug 24, 07 | Sept 17, 07 | 0.2000 | | | May 2, 07 | May 25, 07 | Jun 15, 07 | 0.1800 | | | Feb 7, 07 | Feb 20, 07 | Mar 15, 07 | 0.1800 | | | 2006 | | | | | 0.6000 | | Nov 1, 06 | Nov 24, 06 | Dec 15, 06 | 0.1600 | | | July 25, 06 | Aug 18, 06 | Sept 15, 06 | 0.1600 | | | May 2, 06 | May 26, 06 | Jun 15, 06 | 0.1400 | | | Feb 8, 06 | Feb 24, 06 | Mar 15, 06 | 0.1400 | | | 2005 | | | | | 0.5000 | | Nov 2, 05 | Nov 25, 05 | Dec 15, 05 | 0.1400 | | | July 26, 05 | Aug 19, 05 | Sept 15, 05 | 0.1250 | | | May 4, 05 | May 20, 05 | Jun 15, 05 | 0.1250* | | | Feb 9, 05 | Feb 18, 05 | Mar 15, 05 | 0.1100 | | | 2004 | | | | | 0.4100 | | Nov 3, 04 | 19 Nov, 04 | Dec 15, 04 | 0.1100 | | | July 27, 04 | Aug 20, 04 | Sept 15, 04 | 0.1100 | | | May 12, 04 | May 25, 04 | Jun 15, 04 | 0.0950 | | | Feb 10, 04 | Feb 24, 04 | Mar 15, 04 | 0.0950 | | | 2003 | | | | | 0.3500 | | Nov 4, 03 | Nov 21, 03 | Dec 15, 03 | 0.0950 | | | July 29, 03 | Aug 22, 03 | Sept 15, 03 | 0.0850 | | | May 7, 03 | May 23, 03 | Jun 13, 03 | 0.0850 | | | Feb 11, 03 | Feb 21, 03 | Mar 14, 03 | 0.0850 | | | 2002 | | | | | 0.3200 | | Nov 6, 02 | Nov 22, 02 | Dec 13, 02 | 0.0850 | | | Aug 1, 02 | Aug 23, 02 | Sept 13, 02 | 0.0850 | | | May 7, 02 | May 24, 02 | Jun 14, 02 | 0.0750 | | | Feb 12, 02 | Feb 21, 02 | Mar 15, 02 | 0.0750 | | | 2001 | | | | | 0.3000 | | Nov 6, 01 | Nov 15, 01 | Dec 14, 01 | 0.0750 | | | Aug 14, 01 | Aug 22, 01 | Sept 14, 01 | 0.0750 | | | May 2, 01 | May 15, 01 | Jun 15, 01 | 0.0750 | | | Feb 13, 01 | Feb 16, 01 | Mar 15, 01 | 0.0750 | | | 2000 | | | | | 0.0750 | | Nov 7, 00 | Nov 16, 00 | Dec 15, 00 | 0.0750** | |
* The data prior to May 20, 2005 were adjusted to reflect the two-for-one stock split that took place on May 18, 2005
** Common shares were initially issued in February 2000.
Dividends Paid per Non-Cumulative Class A Series B Preferred Share | Declaration date | Record date | Payment date | Amount of dividend ($) | Amount paid per year ($) | | 2010 | | | | | | | Feb 12, 10 | Feb 26, 10 | Mar 31, 10 | 0.2875 | | | 2009 | | | | | 1.1500 | | Nov 4, 09 | Nov 30, 09 | Dec 31, 09 | 0.2875 | | | July 28, 09 | Aug 31, 09 | Sept 30, 09 | 0.2875 | | | May 6, 09 | May 29, 09 | Jun 30, 09 | 0.2875 | | | Feb 13, 09 | Feb 27, 09 | Mar 31, 09 | 0.2875 | | | 2008 | | | | | 1.1500 | | Nov 5, 08 | Nov 28, 08 | Dec 31, 08 | 0.2875 | | | July 29, 08 | Aug 29, 08 | Sept 30, 08 | 0.2875 | | | May 7, 08 | May 30, 08 | June 30, 08 | 0.2875 | | | Feb 13, 08 | Feb 26, 08 | Mar 31, 08 | 0.2875 | | | 2007 | | | | | 1.4375 | | Nov 7, 07 | Nov 30, 07 | Dec 31, 07 | 0.2875 | | | July 31, 07 | Aug 31, 07 | Oct 1, 07 | 0.2875 | | | May 2, 07 | Jun 1, 07 | July 3, 07 | 0.2875 | | | Feb 7, 07 | Mar 2, 07 | Apr 2, 07 | 0.2875 | | | Nov 1, 06 | Dec 1, 06 | Jan 2, 07 | 0.2875 | | | 2006 | | | | | 0.6868 | | July 25, 06 | Sept 1, 06 | Oct 2, 06 | 0.2875 | | | May 2, 06 | Jun 15, 06 | Jun 30, 06 | 0.2875 | | | Mar 9, 06 | Mar 15, 06 | Mar 31, 06 | 0.1118* | |
* Non-cumulative class A series B preferred shares were issued in February 2006.
Dividends Paid per Non-Cumulative Class A Series C Preferred Share | Declaration date | Record date | Payment date | Amount of dividend ($) | Amount paid per year ($) | | 2010 | | | | | | | Feb 12, 10 | Feb 26, 10 | Mar 31, 10 | 0.3875 | | | 2009 | | | | | 1.7016 | | Nov 4, 09 | Nov 30, 09 | Dec 31, 09 | 0.3875 | | | July 28, 09 | Aug 31, 09 | Sept 30, 09 | 0.3875 | | | May 6, 09 | May 29, 09 | Jun 30, 09 | 0.3875 | | | Feb 13, 09 | Feb 27, 09 | Mar 31, 09 | 0.5391 | |
Dividends Paid per Non-Cumulative Class A Series E Preferred Share | Declaration date | Record date | Payment date | Amount of dividend ($) | Amount paid per year ($) | | 2010 | | | | | | | Feb 12, 10 | Feb 26, 10 | Mar 31, 10 | 0.3750 | | | 2009 | | | | | | | Nov 4, 09 | Nov 30, 09 | Dec 31, 09 | 0.3139 | |
Eligible dividends
In 2006, the federal government introduced new legislation which impacted dividends paid by Canadian companies to their shareholders. For the purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation, all dividends paid by Industrial Alliance on its common and preferred shares since January 1, 2006 are eligible dividends. Unless otherwise indicated, all dividends paid are now eligible dividends for the purposes of such rules.
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