The board of directors of DundeeWealth Inc. has approved the payment of a special cash dividend of 2.5¢ per common and special share, payable on April 1, the company said Tuesday.

The special dividend is payable to shareholders of record on March 18, 2010.

The special dividend represents 25% of the net performance fees earned by DundeeWealth in 2009, which were approximately $14.5 million, after tax.

This dividend is in addition to the company’s regular quarterly dividend of 3.5¢ per common and special share, to be paid on April 1 upon approval from the board.