Canaccord Genuity Group - increases quarterly dividend 17.6% to $0.1 per common share

Canaccord Genuity Group Inc. has announced an increase in its quarterly dividend to $0.10 per common share, representing a 17.6% increase from the previous rate of $0.085 per share. The new dividend will be paid to shareholders of record as of a future date to be determined by the company’s board of directors. The decision aligns with the company’s ongoing strategy to provide returns to shareholders through a combination of dividends and share buyback programs, as outlined in its shareholder information materials.

Historically, Canaccord Genuity has maintained a consistent dividend policy, with supplemental and special dividends issued in various years. For example, in the quarter ended March 31, 2019, the company paid a supplemental annual dividend of $0.16 per share in addition to a quarterly dividend of $0.01 per share. The current increase reflects the board’s assessment of the company’s financial condition, capital requirements, and broader market conditions, as stated in its dividend policy statement.

The company’s common shares are listed on the Toronto Stock Exchange under the ticker symbol CF, and all dividends paid since 2006 have been designated as eligible under the Canada Income Tax Act, offering lower tax rates for Canadian individuals. Investors can access further details about the dividend and related financial disclosures on the company’s investor relations website or through SEDAR.