Toronto, ON, June 12, 2019 (GLOBE NEWSWIRE) -- The Board of Directors for The Independent Order of Foresters has approved a dividend of approximately $24.4 million1 for eligible2 participating U.S. certificate holders in 2019. The dividend investment rate in 2018 was 6.23 percent.
Since 1874, Foresters Financial™ has a long proud history of frequently paying a dividend3.
“Foresters is committed to our financial strength, to provide sustained value for certificate holders,” said Alvin Sharma, Chief Financial Officer, Foresters Financial. “This dividend is further evidence of that strength."
About Foresters Financial
Since 1874, Foresters Financial has been providing socially responsible financial services to individuals and families. Foresters Financial includes The Independent Order of Foresters, the oldest non-denominational fraternal benefit society. Foresters is a purpose-driven organization that exists to enrich family and community well-being and offers insurance products to over three million members and clients in Canada, the US and the U.K. For 18 straight years, The Independent Order of Foresters has received an “A” (Excellent) rating from A.M. Best4. For more information please visit foresters.com
1 Approved dividend for 2019 is $31.6 million in Canadian dollars. All U.S. dollar figures have been converted from Canadian dollars using the annual average Bank of Canada U.S. exchange rate for 2018 of 1.2957 CDN/USD. All values have been rounded.
2Does not apply to certificates where Foresters does not expect to pay dividends.
3Dividends are not guaranteed.
4The A.M. Best rating assigned on August 2, 2018 reflects the overall strength and claims-paying ability of The Independent Order of Foresters (IOF) but does not apply to the performance of any non-IOF issued products. An “A” (Excellent) rating is assigned to companies that have a strong ability to meet their ongoing obligations to policyholders and have, on balance, excellent balance sheet strength, operating performance and business profile when compared to the standards established by A.M. Best Company. A.M. Best assigns ratings from A++ to F, A++ and A+ being superior ratings and A and A- being excellent ratings. See ambest.com for our latest rating.
417563 US (06/19)
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