BELIEVE IN HRU

DEPENDABLE STABILITY

Dividends

We currently pay dividends of $0.07083 per Preferred Share Class B every month and an average annual rate of $0.8500. The record date is the last business day of every month, and the dividend is paid on the 15th of one and a half months following. If you own shares on the record date, you will receive the dividend. We have an uninterrupted record of paying dividends since inception, our dividend record is shown below.

When we issue our financial results in May each year, we also declare an annual bonus so that all earnings during the previous year ending December 31 are paid out to our shareholders.

 

Under Section 130.1 of the Income Tax Act, taxable dividends paid to shareholders (other than capital gains dividends) are taxed as interest income. As a Mortgage Investment Corporation, we do not pay any income taxes, provided that we distribute all of our taxable income each year (and meet other requirements). In effect, we flow interest income that we earn on our investments in mortgages through to our shareholders.

 

Shareholders are also open to join our Dividend Re-Investment Plan ("DRIP"). Through the DRIP, your monthly and special dividends are automatically reinvested in additional shares of HRU MIC at the full share price; and of course, there is no commission.

To join the DRIP, please contact our investment advisor. If your shares are registered, please contact Olympia Trust Company, by calling (403)-770-0001. 

If you have any questions regarding your Dividend Re-Investment Plan, please email or call (647) 360-8996.

SCHEDULE
REGULAR DIVIDEND
ANNUALIZED RETURN
SPECIAL BONUS
OCT 2016
$ 0.07083
8.5%
NOV 2016
$ 0.07083
8.5%
DEC 2016
$ 0.07083
8.5%
JAN 2017
$ 0.07083
8.5%
FEB 2017
$ 0.07083
8.5%
APR 2017
$ 0.07083
8.5%
MAY 2017
$ 0.07083
8.5%
JUN 2017
$ 0.07083
8.5%
JUL 2017
$ 0.07083
8.5%
FEB 2018
$ 0.07083
8.5%
MAR 2018
$ 0.07083
8.5%
APR 2018
$ 0.07083
8.5%
NOV 2018
$ 0.07083
8.5%
JAN 2019
$ 0.07083
8.5%
FEB 2019
$ 0.07083
8.5%
MAR 2019
$ 0.07083
8.5%
APR 2019
$ 0.07083
8.5%
JUL 2019
$ 0.07083
8.5%
SEP 2019
$ 0.07083
8.5%
OCT 2019
$ 0.07083
8.5%
NOV 2019
$ 0.07083
8.5%
DEC 2019
$ 0.07083
8.5%
JAN 2020
$ 0.07083
8.5%
FEB 2020
$ 0.07083
8.5%
MAR 2020
$ 0.07083
8.5%
APR 2020
$ 0.07083
8.5%
MAY 2020
$ 0.07083
8.5%
JUN 2020
$ 0.07083
8.5%
JUL 2020
$ 0.07083
8.5%
AUG 2020
$ 0.07083
8.5%
SEP 2020
$ 0.07083
8.5%
MAR 2017
$ 0.07083
8.5%
$ 0.60000
AUG 2017
$ 0.07083
8.5%
$ 0.01250
SEP 2017
$ 0.07083
8.5%
$ 0.01250
OCT 2017
$ 0.07083
8.5%
$ 0.01250
DEC 2017
$ 0.07083
8.5%
$ 0.01250
NOV 2017
$ 0.07083
8.5%
$ 0.01250
JAN 2018
$ 0.07083
8.5%
$ 0.01250
MAY 2018
$ 0.07083
8.5%
$ 0.00833
JUN 2018
$ 0.07083
8.5%
$ 0.00833
AUG 2018
$ 0.07083
8.5%
$ 0.00833
JUL 2018
$ 0.07083
8.5%
$ 0.00833
SEP 2018
$ 0.07083
8.5%
$ 0.00833
OCT 2018
$ 0.07083
8.5%
$ 0.00833
DEC 2018
$ 0.07083
8.5%
$ 0.00833
MAY 2019
$ 0.07083
8.5%
$ 0.00833
JUN 2019
$ 0.07083
8.5%
$ 0.00833
AUG 2019
$ 0.07083
8.5%
$ 0.00833
OCT 2020
$ 0.07083
8.5%
NOV 2020
$ 0.07083
8.5%
DEC 2020
TBD
TBD