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Cash Dividend On The Way From Aimia Cumulative Rate Reset Preferred Shares, Series 1

On 6/12/14, Aimia Inc's Cumulative Rate Reset Preferred Shares, Series 1 (TSX: AIM-PRA.TO ) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 6/30/14. As a percentage of AIM.PRA's recent share price of $25.85, this dividend works out to approximately 1.57%, so look for shares of AIM.PRA to trade 1.57% lower - all else being equal - when AIM.PRA shares open for trading on 6/12/14. On an annualized basis, the current yield is approximately 6.31%.

As of last close, AIM.PRA was trading at a 3.00% premium to its liquidation preference amount. It should be noted that the preferred shares are convertible . The chart below shows the one year performance of AIM.PRA shares, versus AIM:

Performance Comparison Chart

Below is a dividend history chart for AIM.PRA, showing historical dividends prior to the most recent $0.4062 on Aimia Inc's Cumulative Rate Reset Preferred Shares, Series 1:

AIM.PRA+Dividend+History+Chart

In Tuesday trading, Aimia Inc's Cumulative Rate Reset Preferred Shares, Series 1 (TSX: AIM-PRA.TO ) is currently up about 0.4% on the day, while the common shares (TSX: AIM.TO ) are off about 0.1%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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