LONDON, Ontario–(BUSINESS WIRE)–VersaBank (TSX:VB) today announced that its Board of Directors have
declared quarterly cash dividends on its Common Shares (TSX:VB), 7.0%
Series 1 Preferred Shares (TSX:VB.PR.A) and 7.0% Series 3 Preferred
Shares (TSX:VB.PR.B).
The Common Share dividend, which will increase to $0.020 from $0.015 per
share, and the Series 1 Preferred Share and Series 3 Preferred Share
dividends of $0.175 per share are payable, subject to the approval of
the Toronto Stock Exchange (“TSX”), as of July 31, 2019 to shareholders
of record at the close of business on July 5, 2019.
The dividends to which this notice relates are eligible dividends for
tax purposes.
About VersaBank
VersaBank adopted an electronic branchless model in 1993, becoming the
world’s first branchless financial institution. It holds a Canadian
Schedule I chartered bank licence and obtains its deposits, and the
majority of its loans and leases, electronically. VersaBank’s Common
Shares trade on the Toronto Stock Exchange under the symbol VB and its
Series 1 Preferred Shares and Series 3 Preferred Shares trade under the
symbols VB.PR.A and VB.PR.B, respectively.
Contacts
Investor Relations: Wade MacBain, (800) 244-1509, [email protected]
Visit
our website at: http://www.versabank.com
