Pollard Banknote Limited (TSE:PBL) declared a quarterly dividend on Tuesday, August 13th, according to a report by Zacks. Shareholders of record, take note: your stockholding is about to pay off in a big way.
The Canadian-based company, listed on the Toronto Stock Exchange, has been releasing quarterly dividends for a while now. And the latest iteration of this move has generated quite a buzz among investors and analysts alike. As per the details made public by the company, stockholders of record on Monday, September 30th, will be receiving a dividend of 0.05 per share on Tuesday, October 15th.
This piece of news may not send waves through the markets, but it sure is great news for PBL shareholders. When seen in the grander scheme, the quarterly dividend adds up to an annualized dividend of $0.20 per share. And get this: it boasts a dividend yield of no less than 0.74%.
Pollard Banknote Limited has been on the receiving end of both praise and criticism from investors and financial advisors. Yet, the TSE mainstay has managed to keep pace with its competitors, more often than not ticking the right boxes for its investors. However, the $0.05 payout announced on Tuesday has sparked some serious excitement among PBL enthusiasts worldwide.
This dividend payout comes on the heels of similarly impressive quarterly payouts made by the company in the past. By persisting with this policy, Pollard Banknote Limited sends out a clear message: profitability and a continued commitment to bolstering investor wealth.
With an ex-dividend date set for Friday, it would be a good idea for PBL shareholders to watch the markets carefully, particularly in light of this development. More news and expert opinions on this front will undoubtedly make the rounds in the days and weeks to come.