Premium Income Corporation (PIC.A) to Distribute Monthly Dividend of $0.09 on November 30th

Premium Income Corporation (TSE:PIC.A) declared a monthly dividend on Friday, November 13th. Stockholders of record on Monday, November 30th will be given a dividend of $0.09 per share on Monday, November 30th. This represents a $1.08 annualized dividend and a dividend yield of 10.7%. The ex-dividend date is Friday, November 13th.

Premium Income Stock Performance

Premium Income stock traded up C$0.13 during midday trading on Wednesday, reaching C$10.10. 9,756 shares of the stock traded hands, compared to its average volume of 61,389. Premium Income has a fifty-two week low of C$5.48 and a fifty-two week high of C$11.31. The company has a current ratio of 1.18, a quick ratio of 1.45 and a debt-to-equity ratio of 562.70. The firm has a market cap of C$211.62 million, a price-to-earnings ratio of 1.48 and a beta of 1.20. The firm has a fifty day moving average price of C$9.71 and a two-hundred day moving average price of C$9.92.

Premium Income Company Profile

to provide Class A shareholders with quarterly cash distributions equal to the amount, if any, by which the net realized capital gains, dividends and option premiums (other than option premiums in respect of options outstanding at year-end) earned on the Funds portfolio in any year, net of expenses and loss carry forwards, exceed the amount of the distributions paid on Class A shares upon windup of the Fund To accomplish its objectives, the Fund invests at least 75 percent of its net asset value (“NAV) in common shares of the Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank (collectively, the “Banks) and may also invest up to 25 percent of its NAV in common shares of National Bank of Canada.