Investing

Investment Shares

Dividend Record

Alterna Savings has paid the following dividends regarding its last ten fiscal years:

Fiscal Year

Class A
Investment
Shares Series 1

Class A
Investment
Shares Series 2

Class A
Investment
Shares Series 3

Class A
Investment
Shares Series 4

Class A
Investment
Shares Series 5

Class A
Investment
Shares Series 6

2022

5.00%

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%

-

-

-

2012

5.63%

3.15%

4.50%

-

-

-

* Prorated from the time of issue date.

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).


On December 3, 2021 the Board of Directors approved the dividend payment of 2.50% for the 12-month period of January 1, 2021 to December 31, 2021 for Series 2, 3 & 4 Investment Shares.

The Board of Directors approved the dividend payment of 4.00% for the period January 1, 2021 to December 31, 2021 to the shareholders of record of the Shares as at December 31, 2021 for Series 5 and Series 6 Investment Shares.

Past payment of dividends is in no way an indicator of the likelihood of payment for future dividends.


Updated: October 2022

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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