Source: The Canadian Press

DundeeWealth Inc. (TSX:DW) will pay a special cash dividend to its shareholders, on top of its regularly monthly dividend, the company said Tuesday.

The special dividend will be five cents per common and special share, reflecting net performance fees earned in 2010 by the Toronto-based wealth management and mutual fund operator.

The dividend represents about 25% of the net performance fees earned by DundeeWealth in 2010, which were approximately $31.4 million, after tax.