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Shares and Dividends

Shares traded on:

TSX, AIM  (Click for quotes)
 

Ticker symbol: CCI

Dividend policy:

Although dividends are expected to be declared and paid quarterly, the Board of Directors, in its sole discretion, will determine the amount and timing of any dividends. All dividend payments will depend on general business conditions, Canaccord's financial condition, results of operations and capital requirements and such other factors as the Board determines to be relevant.

The Board approved a common share dividend of $0.125 per share for Q1/09, and Canaccord intends to pay a $0.125 regular quarterly common share dividend for each quarter in fiscal 2009. Dividends are payable on September 10, 2008 with a record date of August 29, 2008.  The common share dividend payment to common shareholders will total approximately $6.6 million, or about 40.1%, of first quarter net income.

Dividends declared per share

Fiscal Year Dividend Type Q1 Q2 Q3 Q4 Total
2009 (ending March 31, 2009) Regular
$0.125       $0.125
2008 (ending March 31, 2008) Regular
$0.125 $0.125 $0.125  $0.125 $0.50
2007 (ending March 31, 2007) Regular
$0.08 $0.08 $0.10 $0.10 $0.36
2006 (ending March 31, 2006) Regular $0.06 $0.06  $0.08 $0.08 $0.28
2005 (ending March 31, 2005) Regular
Special
$0.05 $0.05 $0.05
$0.15
 $0.11 $0.26
$0.15


Fiscal Year 2009 Expected Dividend1 and Earnings Release Dates

Quarter Earnings Release Date Dividend Record Date Dividend Payment Date
Q1/09 August 8, 2008 August 29, 2008 September 10, 2008
Q2/09 November 6, 2008 November 28, 2008 December 10, 2008
Q3/09 February 12, 2009 February 27, 2009 March 10, 2009
Q4/09 May 20, 2009 May 29, 2009 June 10, 2009

1 Although dividends are expected to be declared and paid quarterly, the Board of Directors, in its sole discretion, will determine the amount and timing of any dividends.  All dividend payments will depend on general business conditions and Canaccord's financial condition, results of operations and capital requirements and such other factors as the Board determines to be relevant.

Disclosure:

This Web site contains certain forward-looking statements. These statements relate to future events or future performance and reflect management's expectations regarding Canaccord's growth, results of operations, performance and business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "target" or the negative of these terms or other comparable terminology. A number of factors could cause actual events or results to differ materially from the results discussed in the forward-looking statements. In evaluating these statements, prospective purchasers should specifically consider various factors, including the risks outlined under "Risk Factors" and elsewhere in Canaccord's Annual Report filed on SEDAR, which may cause actual results to differ materially from any forward-looking statement. Although the forward-looking statements contained in this Web site are based upon what management believes to be reasonable assumptions, Canaccord cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of posting on the Web site, and Canaccord assumes no obligation to update or revise them to reflect new events or circumstances.

The information on this Web site was accurate at the time of posting, but may be superseded by subsequent disclosures.



  Last updated: 08/08/2008