CALGARY, Alberta, Feb. 28, 2019 (GLOBE NEWSWIRE) -- Olympia Financial Group Inc. (“Olympia”) (TSX: OLY) announced today that its board of directors has approved a 15% increase to its monthly cash dividend from $0.20 to $0.23 per common share. On an annualized basis, dividends will increase by $0.36 per common share from $2.40 to $2.76. Olympia’s new monthly dividend rate of $0.23 per common share will commence with the March 2019 monthly dividend.
Olympia Financial Group Inc. designates the entire amount of this taxable dividend to be an “eligible dividend” for purposes of the Income Tax Act (Canada), as amended from time to time. Please contact your tax advisor if you have any questions with regards to the designation of the eligible dividend.
About Olympia Financial Group Inc.
Olympia Financial Group Inc. (“OFGI”) conducts most of its operations through its wholly-owned subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick and Nova Scotia. Olympia Trust Company administers self-directed registered accounts, provides foreign currency exchange services and Corporate Shareholder services. OFGI also offers private health services plans through its wholly-owned subsidiary Olympia Benefits Inc. and provides information technology services to exempt market dealers, registrants and issuers through its subsidiary Exempt Edge Inc.
OFGI’s common shares are listed on the Toronto Stock Exchange under the symbol “OLY”.
For further information, please contact:
Olympia Financial Group Inc. Rick Skauge, President and Chief Executive Officer Gerhard Barnard, Vice-President, Finance and Chief Financial Officer
Phone: (403) 261-0900 Fax: (403) 265-1455