GENWORTH FINANCIAL: Genworth MI Canada Inc. Announces Special Dividend
Genworth Financial issued the following announcement on June 5.
The Board of Directors of Genworth MI Canada Inc. (the "Company") (TSX: MIC) today announced that it has declared a special dividend of $0.40 per common share, for an aggregate amount of $34 million. This special dividend is to be paid on June 28, 2019, to shareholders of record at the close of business on June 17, 2019.
"As part of our previously announced plan to redeploy capital in excess of organic growth needs and our continued focus on capital efficiency, we are pleased to have completed this special dividend, and our recent share repurchases under our previously announced normal course issuer bid," said Stuart Levings, President and CEO.
Genworth MI Canada Inc. designates any and all dividends paid or deemed for Canadian federal, provincial or territorial income tax purposes to be paid as "eligible dividends", unless indicated otherwise in respect of dividends
Original source: http://newsroom.genworth.com/2019-06-05-Genworth-MI-Canada-Inc-Announces-Special-Dividend