The board of directors of Foresters Financial has announced that it has approved a dividend of approximately $9 million for eligible participating Canadian certificate holders in 2019. The dividend investment rate in 2018 was 6.22%.
In a release, Foresters said that it has a long proud history of frequently paying a dividend on its participating life insurance policies.
“Foresters is committed to our financial strength, to provide sustained value for certificate holders,” said Alvin Sharma, chief financial officer at Foresters Financial. “This dividend is further evidence of that strength.”
Foresters Financial was founded in 1874 and includes the Independent Order of Foresters – Canada’s oldest non-denominational fraternal benefit society. The firm has an “A” (Excellent) rating from AM Best.
