Investing
Investment Shares
Dividend Record
Alterna Savings has paid the following dividends regarding its last ten fiscal years:
Fiscal Year | Class A | Class A | Class A | Class A | Class A | Class A |
|---|---|---|---|---|---|---|
2022 | 5.00% | 5.00% | 5.00% | 5.00% | 5.00%* | 4.00% |
2021 | 3.50% | 2.50% | 2.50% | 2.50% | 4.00% | 4.00% |
2020 | 3.50% | 2.50% | 2.50% | 2.50% | 4.00% | 4.00%* |
2019 | 3.50% | 3.50% | 3.50% | 3.50% | 4.00% | 4.00%* |
2018 | 3.50% | 3.80% | 3.80% | 3.80% | 4.00% | - |
2017 | 3.35% | 3.50% | 3.50% | 3.50% | - | - |
2016 | 3.35% | 3.35% | 4.50% | - | - | - |
2015 | 3.35% | 3.35% | 4.50% | - | - | - |
2014 | 3.35% | 3.35% | 4.50% | - | - | - |
2013 | 3.35% | 3.15% | 4.50% | - | - | - |
* Prorated from the time of issue date.
Class A Investment Shares, Series 1:
Alterna Savings and Credit Union Board in September 2022 set a dividend rate of 5.00% for Series 1 shares for the next five years (Fiscal Year 2022 to Fiscal Year 2026).
Class A Investment Shares, Series 2, 3, and 4:
On December 2, 2022 the Board of Directors approved the dividend payment of 5.00% for the 12-month period of January 1, 2022 to December 31, 2022 for Series 2, 3 & 4 Investment Shares.
Class A Investment Shares, Series 5:
The Board of Directors approved the dividend payment of 4.00% for the period of January 1, 2022 until the 5-year anniversary of the shares being issued which occurs from May 2022 to September 2022, depending on when the respective tranche was issued to the shareholders of record of the Shares as at December 31, 2022.
The Board of Directors also approved the dividend payment of 5.00% for the period of the 5-year anniversary date to December 31, 2022 to the shareholders of record of the Shares as at December 31, 2022.
Class A Investment Shares, Series 6:
The Board of Directors approved the dividend payment of 4.00% for the period January 1, 2022 to December 31, 2022 to the shareholders of record of the Shares as at December 31, 2022 for Series 6 Investment Shares.
Past payment of dividends is in no way an indicator of the likelihood of payment for future dividends.
Updated: January 2023
Alterna Savings and Credit Union Limited operates as Alterna Savings. Alterna Savings is a local credit union and a member of the Financial Services Regulatory Authority of Ontario (FSRA).
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