common-shares

Common Shares

Through ownership of First National’s common shares, shareholders participate in the growth and performance of our business through monthly dividend payments and the potential for share price appreciation.

A strong, long-term track record of common share dividend growth for investors

Since First National became TSX-listed in 2006, we have made it our business to create value for shareholders and distribute that value through steadily growing dividends.

See dividend history

Dividend history over the years for common shares
  • Dividend growth

    Our Board seeks to grow the dividend over time and based on strong business performance, has increased distributions 17 times since our IPO.

  • Payout ratio

    Our Board does not prescribe a specific payout ratio but does seek to return a large share of profits to shareholders – measured as a percentage of operating income – while ensuring that the company has adequate funds available to support ongoing growth initiatives. The Board occasionally declares special dividends if it determines that First National has generated excess capital not needed to fund near-term growth.

  • Timing

    The Board’s practice is to pay dividends monthly on or about the 15th day of each month.

  • TSX trading symbol

    Our common shares trade under the symbol FN on the Toronto Stock Exchange.

  • Tax treatment

    For the purposes of the Income Tax Act (Canada) and any similar provincial legislation, our common share dividends are eligible dividends, unless otherwise indicated. Our common shares are qualified investments for RRSPs, RESPs, deferred profit sharing plans, registered disability savings plans, RRIFs and TFSAs. Please consult your personal tax advisor for specific tax advice.

  • Registrar and Transfer agent

    Please contact Computershare Investor Services Inc., Toronto, Ontario, 1.800.564.6253 for information on record dates and ex dividend dates.

  • Voting rights

    Each holder of a common share is entitled to one vote for each share held at all meetings of shareholders. Our common shares have no redemption or conversion rights.

  • Authorized share capital

    Unlimited without par value

Common share dividends to shareholders

First National listed on the TSX in 2006 and is a constituent member of S&P’s Canadian Dividend Aristocrats Index because of its history of dividend growth.