First National announced a Special Dividend

If you’re the shareholder of First National Corporation (FN.TO), you probably know that you will get a juicy dividend in December. The company announced this Tuesday that they will pay a special dividend of $1.25 per shares on December 15, 2017. They generated excess capital and have decided to distribute that between the shareholders like you and me.

First National is Canada’s largest non-bank lender. I started to invest in FN.TO a few years ago when they had $80 billion of mortgages under administration. Back then, the shares were trading in low twenties, offering a dividend yield of around 7%.

Today, the corporation has $100 billion of mortgages under administration and still pays a decent dividend on monthly basis. Since I have 85 shares in my portfolio, I will receive a special dividend of $106.25. That will be a great boost to my dividend income.


  1. Congratulations! I don't know much about FN.

  2. Congrats on the nice dividend. That's a very nice use of the extra cash, eh?


    1. Thanks Bert. I will use the extra dividend to invest back in dividend paying stocks.

  3. Congrats on the special dividend, I always like when companies announce special dividends.