Investing
Investment Shares
Dividend Record
Alterna Savings has paid the following dividends regarding its last eleven fiscal years:
Fiscal Year | Class A | Class A | Class A | Class A | Class A | Class A |
|---|---|---|---|---|---|---|
2023 | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 4.00% |
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). In September 2023, the Board of Directors approved the dividend payment for the 2023 Fiscal year.
Class A Investment Shares, Series 2, 3, 4 and 5:
On December 12, 2023 the Board of Directors approved the dividend payment of 5.00% for the 12-month period of January 1, 2023 to December 31, 2023 for Series 2, 3, 4, and 5 Investment Shares.
Class A Investment Shares, Series 6:
The Board of Directors approved the dividend payment of 4.00% for the period January 1, 2023 to December 31, 2023 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 2024
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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