Gluskin Sheff + Associates Inc. Declares Regular Quarterly Dividend Of $0.1625, Special Dividend Of $0.06, And Increase In Regular Quarterly Dividend
TORONTO, Sept. 20, 2012 /CNW/ - Gluskin Sheff + Associates Inc. (the "Company") today declared its regular quarterly dividend of $0.1625 per common share payable on October 19, 2012, to shareholders of record at the close of business on October 1, 2012.
The Company also announced today a special dividend of $0.06 per common share payable on October 19, 2012 to shareholders of record on October 1, 2012. The special dividend relates to the receipt of Performance Fees for the fiscal year ended June 30, 2012 (after performance-related expenses and income tax).
The Company also announced that its regular quarterly dividend would be increased to $0.175 ( $0.70 on an annual basis) from the current quarterly dividend of $0.1625 ( $0.65 annually) per common share commencing with the declaration of the first quarter dividend for fiscal 2013.
"We are pleased to declare our seventh special dividend and announce the sixth increase in our regular dividend since becoming a public company," commented Jeremy Freedman, Chief Executive Officer. "Our balance sheet demonstrates that we have maintained a strong financial position during what has been a challenging time for the financial industry and has given us confidence to increase dividends as part of our commitment to shareholders."
Founded in 1984, Gluskin Sheff + Associates Inc. is one of Canada's pre-eminent wealth management firms serving high net worth private clients and institutional investors. Gluskin Sheff offers equity and fixed income investment portfolios in addition to being one of the largest managers of alternative investments in Canada. The Company's Subordinate Voting Shares are listed on the Toronto Stock Exchange under the symbol " GS". For more information about the Company, please visit our website at www.gluskinsheff.com. SOURCE Gluskin Sheff + Associates Inc.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
