Dominion Lending Centres Inc. Increases Quarterly Dividend to $0.04 per Common Shares
Rhea-AI Summary
Dominion Lending Centres (DLCG) has announced a 33% increase in its quarterly cash dividend to $0.04 per class "A" common share, up from the previous dividend rate. This increase brings the annualized dividend to $0.16 per share, compared to $0.12 per share in 2024. The dividend will be payable on June 13, 2025, to shareholders of record as of May 30, 2025, and will be designated as an "eligible dividend" for Canadian tax purposes.
CEO Gary Mauris attributed the dividend increase to the company's strong financial position, including a solid balance sheet, robust free cash flow generation, and positive long-term growth prospects.
Positive
- 33% increase in quarterly dividend from previous rate
- Strong free cash flow generation supporting dividend increase
- Solid balance sheet position
- Positive long-term growth outlook
Negative
- None.
News Market Reaction – BRLGF
In the trading session that priced this news, BRLGF gained 15.61%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2025) - Dominion Lending Centres Inc. (TSX: DLCG) ("DLCG" or the "Corporation") is pleased to announce that its Board of Directors has declared a quarterly cash dividend of
"We are pleased to announce an increase in our quarterly dividend," said Gary Mauris, Chairman and CEO of DLCG. "The increase is reflective of our ongoing commitment to delivering value to our shareholders and is supported by our solid balance sheet, strong free cash flow generation and positive long-term growth outlook for DLCG."
The dividend is payable on June 13, 2025, to shareholders of record as of May 30, 2025. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes.
About Dominion Lending Centres Inc.
Dominion Lending Centres Inc. is Canada's leading network of mortgage professionals. DLCG operates through Dominion Lending Centres Inc. and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc. and Newton Connectivity Systems Inc., and has operations across Canada. DLCG extensive network includes over 8,500 agents and over 500 locations. Headquartered in British Columbia, DLC was founded in 2006 by Gary Mauris and Chris Kayat.
DLCG can be found on X (Twitter), Facebook and Instagram and LinkedIn @DLCGmortgage and on the web at www.dlcg.ca.
Investor Contact:
| Eddy Cocciollo | James Bell |
| President | EVP, Corporate and Chief Legal Officer |
| 647-403-7320 | 403-560-0821 |
| eddy@dlc.ca |
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252019