First National Financial Corporation Announces September Dividend Information
First National Financial Corporation (TSX: FN) has released its monthly dividend payment information for September 2024. The company announced a dividend of $0.204167 per common share for the period of September 1 to September 30, 2024. Shareholders of record at the close of business on September 27, 2024, will receive the dividend on October 15, 2024.
In addition to the common share dividend, First National also declared quarterly dividends on its Class A Series 1 Preference Shares and Class A Series 2 Preference Shares for the period of July 1 to September 30, 2024. The dividend for the Series 1 Preference Shares is set at $0.180938 per share, while the dividend for the Series 2 Preference Shares is set at $0.436246 per share. Both dividends will be payable on October 15, 2024, to holders of record at the close of business on September 27, 2024.
Regarding the Class A Series 2 Preference Shares, the dividend rate for the period of October 1 to December 31, 2024, has been established at 6.275%, in accordance with the terms of the Series 2 Preference Shares.
First National has advised that its dividends declared in September 2024 will be eligible dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation.
About First National Financial Corporation
First National Financial Corporation (TSX: FN) is the parent company of First National Financial LP, a Canadian-based originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. With over $148 billion in mortgages under administration, First National is a leading non-bank originator and underwriter of mortgages in Canada, particularly in the mortgage broker distribution channel.
For more information about First National Financial Corporation, please visit their official website at www.firstnational.ca.
Contact Information
For further information about the dividend payments and other inquiries, please contact:
– Robert Ingli, Chief Financial Officer, First National Financial Corporation
Tel: 416-593-1100
Email: [email protected]
– Ernie Stapleton, President, Fundamental Creative Inc.
Tel: 905-483-5331
Email: [email protected]
First National Financial Corporation’s announcement of the September dividend information underscores the company’s commitment to delivering value to its shareholders and maintaining transparency in its financial operations. Investors can look forward to receiving their respective dividends in October 2024, as detailed in the company’s latest dividend declaration.
The quarterly dividends on the Class A Series 1 and Series 2 Preference Shares further demonstrate First National’s dedication to providing consistent returns to its shareholders. The establishment of the dividend rate for the Series 2 Preference Shares for the upcoming quarter reflects the company’s adherence to the terms governing these shares and its commitment to clarity in financial matters.
By declaring its September dividends as eligible dividends for tax purposes, First National Financial Corporation aims to provide clarity and certainty to its shareholders regarding the tax implications of their dividend income. This proactive approach to tax-related matters showcases the company’s commitment to ensuring that shareholders are well-informed and prepared when it comes to their financial obligations.
As a key player in the Canadian mortgage market, First National Financial Corporation’s significant mortgage under administration highlights its strong position in the industry. With a focus on prime residential and commercial mortgages, the company has established itself as a leading non-bank originator and underwriter, ranking among the top three in market share within the mortgage broker distribution channel.
In conclusion, First National Financial Corporation’s September dividend announcement, along with its commitment to transparency, tax efficiency, and shareholder value, reinforces its reputation as a reliable and investor-friendly financial institution in Canada. Investors can rest assured that their investments in First National are backed by a company that prioritizes their financial well-being and aims to deliver consistent returns over the long term.
