Understanding these dividends and how they are paid
Class C Investment Equity Shares earn non-cumulative dividends, declared at the discretion of the Board. Equity shares pay dividends to shareholders quarterly, on March 31, June 30, September 30 and December 31.
Directors have the discretion to pay dividends in cash or in shares. If cash dividends are declared, investors can choose to have their dividends compound (reinvested in additional shares) or paid out in cash to a BlueShore Financial chequing or savings account. If share dividends are declared, investors can choose to immediately redeem their dividends and have them paid out in cash to a BlueShore Financial chequing or savings account. Dividends relating to these equity shares are treated as interest income for tax purposes.
Members can modify how dividends are paid at any time by contacting the Solution Centre.
Understanding non-cumulative dividends
Non-cumulative dividends mean that if the Board does not declare a dividend during a particular period, the right to receive that dividend is extinguished and does not carry forward to subsequent periods.
How dividends are determined
Dividends are set by the Board of Directors and are not tied to any external benchmark. It is the Credit Union’s intention to ensure Class C Investment Equity Shares provide a premium rate of return. You can view a full record of dividends to see the track record of Class C Investment Equity Shares.
Talk to us
For any questions regarding Equity Shares, please call us at 604.982.8000 (toll-free 1.888.713.6728), send us a message, or visit a local branch.
