Aimia Inc. ( (TSE:AIM) ) just unveiled an announcement.
Aimia Inc. announced a new dividend rate of 6.281% for its Series 1 Preferred Shares for the period from March 31, 2025, to March 31, 2030, following its decision not to redeem these shares. The company recently completed a substantial issuer bid, resulting in significant annual cash savings and a recorded gain of $53.7 million under IFRS. This strategic move is expected to positively impact Aimia’s financial position and enhance shareholder value.
More about Aimia Inc.
Aimia Inc. is a holding company based in Toronto, Canada, that invests in private and public businesses through controlling or minority stakes. The company focuses on firms with strong economic advantages, substantial free cash flow, and promising growth prospects, guided by experienced management teams. Aimia is open to investing in any sector globally, seeking opportunities that can leverage its operating and capital loss carry-forwards to enhance shareholder value.
YTD Price Performance: -7.41%
Average Trading Volume: 31,974
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$237.9M
For a thorough assessment of AIM stock, go to TipRanks’ Stock Analysis page.