Foresters Financial Approves 2020 Dividend for U.S. Participating Certificate Holders
(Toronto, ON, June 15, 2020) – The Board of Directors for The Independent Order of Foresters has approved a dividend of approximately $24.7 million for eligible1 participating U.S. certificate holders in 2019. That’s up 1.2 percent from the $24.4 million disbursed in 2018. The dividend investment rate in 2019 was 6.0 percent.
Since 1874, Foresters Financial™ has an established history of regularly paying a dividend2.
Foresters Financial Chief Financial Officer Alvin Sharma said, “The dividend reflects a strong commitment to our members and we are delighted to be able to increase it, particularly in a low interest environment. Foresters history of consistent dividend payments is underscored by its financial strength, as evidenced in receiving an “A” (Excellent) rating from A.M. Best3 for 19 straight years and in our industry-leading Canadian regulatory LICAT ratio.”
Dividends are but one of the potential advantages of Foresters membership. As a fraternal organization, Foresters offers its members unique benefits4, including competitive academic scholarships, orphan benefits, and complimentary access to create on-line wills and powers of attorney. Importantly, it also provides opportunities for members to give back to their community through Community Involvement Grants.
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 19 straight years, The Independent Order of Foresters has received an “A” (Excellent) rating from A.M. Best. For more information please visit foresters.com