The Board of Directors for The Independent Order of Foresters has approved a dividend of approximately $9.5 million for eligible participating Canadian certificate holders in 2019.
This is an increase of more than 5.5 percent from the $9 million disbursed in 2018.The dividend investment rate in 2019 was 6.0 percent.
"The dividend reflects a strong commitment to our members and we are delighted to be able to increase it, particularly in a low interest environment, stated Alvin Sharma, Foresters Financial Chief Financial Officer. “Foresters history of consistent dividend payments is underscored by its financial strength, as evidenced in receiving an "A" (Excellent) rating from A.M. Best for 19 straight years and in our industry-leading Canadian regulatory LICAT ratio," he added.
