Olympia Financial Group Announces $0.60 Monthly Dividend – OLY TSX
- Calgary, Alberta – February 6, 2026 – Olympia Financial Group Inc.
- According to a press release, the dividend will be payable on February 27, 2026, to shareholders of record as of February 18, 2026.
- The company has designated the entire amount of the dividend as an “eligible dividend” for Canadian income tax purposes.
Olympia Financial Group Declares February Dividend
Calgary, Alberta – – Olympia Financial Group Inc. (TSX: OLY) announced today that its Board of Directors has declared a monthly cash dividend of $0.60 per common share.
According to a press release, the dividend will be payable on , to shareholders of record as of .
The company has designated the entire amount of the dividend as an “eligible dividend” for Canadian income tax purposes. Shareholders are advised to consult with their tax advisors regarding the implications of this designation.
Olympia Financial Group Inc. Operates primarily through its subsidiary, Olympia Trust Company, a trust company licensed to conduct trust activities in several Canadian provinces including Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick and Nova Scotia. Olympia Trust Company provides services such as self-directed registered plan accounts, corporate trust, and transfer agency services.
In addition to Olympia Trust Company, OFGI also encompasses Olympia Currency and Global Payments Inc., which offers currency exchange and global payment services, and Olympia Benefits Inc., which provides private health services plans and information technology services to exempt market participants.
This dividend announcement follows similar declarations in recent months. On , the company announced a $0.60 per share monthly dividend, and on , a similar dividend was declared. A report from , noted the dividend represents a 6.3% annual yield based on the stock price at that time.
However, a recent analysis suggests potential risks to the company’s future dividend payments. The analysis, published on , indicated that the last dividend represented a significant portion of earnings and free cash flow – 90% of free cash flows, specifically – suggesting a focus on shareholder returns over business growth.
The analysis also forecasts a 10.5% decrease in earnings per share (EPS) over the next year. If this forecast holds true, the payout ratio could reach 102%, potentially putting pressure on the dividend’s sustainability. The report also noted that the company has cut its dividend at least once in the past decade, raising concerns about potential future reductions.
Despite the concerns raised about future sustainability, Olympia Financial Group has demonstrated a history of dividend growth, increasing distributions from an annual total of CA$2.60 in 2016 to CA$7.20 most recently, representing an approximate 11% annual growth rate.
OFGI’s common shares are listed on the Toronto Stock Exchange under the symbol “OLY”.
For further information, individuals can contact Rick Skauge, President and Chief Executive Officer, or Jennifer Urscheler, Chief Financial Officer, at (403) 261-0900 or by fax at (403) 265-1455.