Urbanfund Corp Announces Upcoming Dividend Payout

Urbanfund Corp (TSE:UFC) has released an update.

Urbanfund Corp. has announced a dividend for its shareholders at $0.0125 per share for both common and Series A, first preferred shares, with an annualized rate of $0.05. Payable on April 15, 2024, to shareholders on record as of March 28, 2024, the dividend is part of the company’s Dividend Reinvestment Plans, which allow reinvestment at a 5% discount. While the dividend payout is subject to the board’s discretion based on various financial factors, it is designated as an eligible dividend for Canadian tax purposes.

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