Olympia Financial Group Inc. Announces 29% Increase in Monthly Cash Dividend
CALGARY, Alberta, November 10, 2022–(BUSINESS WIRE)–Olympia Financial Group Inc. (“Olympia”) (TSX: OLY) is pleased to announce that its Board of Directors has approved a 29.63% increase in its monthly cash dividend , which grows from $0.27 to $0.35 per common share beginning with its December 2022 monthly dividend. On an annualized basis, Olympia common stock dividends will increase by $0.96, from 3 $.24 to $4.20.
Dividend payments from Olympia to holders of Olympia common stock are designated as “eligible dividends” for Canadian tax purposes.
About Olympia Financial Group Inc.
Olympia conducts most of its business through its subsidiary Olympia Trust Company, a non-depository trust company. Olympia Trust Company is licensed to carry on trust business 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 exchange services, and corporate and shareholder services. Olympia also offers private health care plans through its subsidiary Olympia Benefits Inc. and provides information technology services to broker-dealers, registrants and exempt market issuers through its Exempt division. edge.
Olympia’s common shares are listed on the Toronto Stock Exchange under the symbol “OLY”.
Statements regarding forward-looking information
Portions of this press release and other public statements by Olympia contain “forward-looking information” within the meaning of applicable Canadian securities laws, which are also referred to as “forward-looking statements”, which may not be based on historical data. do. Wherever possible, words such as “will fly”, “plan”, “expect”, “target”, “continue”, “estimate”, “plan”, “anticipate”, “believe”, ” intends”, “may”, and similar expressions or statements that certain actions, events or results “could”, “could”, “will”, “might” or “would” be taken, occur or be achieved, were used to identify the forward-looking information. Forward-looking statements contained in Olympia’s public disclosure include, but are not limited to, Olympia’s earnings forecasts, fee income, expense levels, general economic, political and market factors in North America. North and internationally, interest and foreign exchange rates, global equity and capital markets, business, competition, changes in technology, changes in government regulations, unexpected legal or regulatory proceedings, events disasters and Olympia’s ability to complete strategic transactions and other factors. In addition, this press release contains forward-looking statements relating to the monthly dividend payments to holders of Olympia common stock.
All material assumptions used in making forward-looking statements are based on management’s knowledge of current business conditions and expectations of future business conditions and trends, including their knowledge of current interest rates and liquidity conditions affecting Olympia and the Canadian economy. Certain important factors or assumptions are applied by Olympia in making forward-looking statements, including, without limitation, factors and assumptions regarding interest and foreign exchange rates, availability of key personnel, effect of competition , government regulation of its business, computer failures or security. violations, future capital requirements, market acceptance of its products, its operating cost structure, current tax regime and Olympia’s ability to obtain necessary third party and governmental approvals, if any.
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Olympia Financial Group Inc.
Rick Skauge, President and CEO
Jennifer Urscheler, Chief Financial Officer
Phone: (403) 261-0900
Fax: (403) 265-1455