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  • Olympia Financial Group (OLY) has announced its operating and financial results for the period ended September 30, 2022
  • The company’s board of directors has approved a 29.63 per cent increase to its monthly cash dividend from $0.27 to $0.35 per common share
  • Craig Skauge, Executive Vice President of Olympia Financial Group, sat down with Daniella Atkinson to discuss the news
  • Olympia Trust Company administers self-directed registered accounts and provides foreign currency exchange services and corporate and shareholder services
  • Olympia Financial Group (OLY) opened trading at C$59.00

Olympia Financial Group (OLY) has announced its operating and financial results for the period ended September 30, 2022.

The company’s board of directors has approved a 29.63 per cent increase to its monthly cash dividend from $0.27 to $0.35 per common share commencing with its December 2022 monthly dividend. On an annualized basis, dividends on Olympia’s common shares will increase by $0.96 from $3.24 to $4.20.

Craig Skauge, Executive Vice President of Olympia Financial Group, sat down with Daniella Atkinson to discuss the news.

“Earnings continue to grow significantly. The value of the strategic acquisitions made by Olympia in 2021 is evident in the earning numbers announced today. Olympia’s continuing focus on fundamentals and improving efficiencies that will help us continue to grow Olympia’s earnings.”

Earnings before income tax increased more than 100 per cent to $5.25 million from $2.03 million. Total revenue increased 58 per cent to $18.80 million from $11.89 million.

Olympia Trust Company administers self-directed registered accounts and provides foreign currency exchange services and corporate and shareholder services.

Olympia Financial Group (OLY) opened trading at C$59.00.


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