MI Developments (MID) Logo

Email Alerts    Contact     Sitemap
Menu line
     
 

Dividends

Dividends paid in 2009


Record Date Payment Date Amount per share U.S.
November 27, 2009 December 15, 2009 $0.15
March 31, 2009 April 15, 2009 $0.15
May 29, 2009 June 15, 2009 $0.15
August 28, 2009 September 15, 2009 $0.15

Dividends paid in 2008


Record Date Payment Date Amount per share U.S.
March 28, 2008 April 15, 2008 $0.15
May 30, 2008 June 15, 2008 $0.15
August 29, 2008 September 15, 2008 $0.15
November 28, 2008 December 15, 2008 $0.15

Dividends paid in 2007


Record Date Payment Date Amount per share U.S.
March 30, 2007 April 15, 2007 $0.15
May 31, 2007 June 15, 2007 $0.15
August 31, 2007 September 15, 2007 $0.15
November 30, 2007 December 15, 2007 $0.15

Dividends paid in 2006


Record Date Payment Date Amount per share U.S.
March 31, 2006 April 15, 2006 $0.15
May 31, 2006 June 15, 2006 $0.15
August 31, 2006 September 15, 2006 $0.15
November 30, 2006 December 15, 2006 $0.15

 

MID expects to pay dividends on our Class A Subordinate Voting Shares and Class B Shares in accordance with a dividend policy determined by our Board of Directors. The dividend rate is established by the Board having regard to MID's financial resources, cash requirements and other relevant factors.

Until changed by MID's Board, we expect to pay dividends at the rate of $0.60 per share per annum, payable quarterly. However, MID cannot assure you that it will actually pay dividends at the rates it expects.

Income Tax Information for Canadian Resident Shareholders

MID designates the entire amount of each of its taxable dividends paid in 2006 to be an "eligible dividend" for purposes of the Income Tax Act (Canada), as amended from time to time (the "Tax Act"). Furthermore, MID designates the entire amount of each of its taxable dividends to be paid to be an "eligible dividend" for purposes of the Tax Act, unless indicated otherwise. Please contact your tax advisor if you have any questions with regard to the designation of eligible dividends.