Olympia Financial Group Inc. announced that its board of directors has approved a 28.57% increase to its monthly cash dividend from $0.35 to $0.45 per common share commencing with its March 2023 monthly dividend. On an annualized basis, dividends on Olympia's common shares will increase by $1.20 from $4.20 to $5.40 per common share. In the last 12 months, Olympia has increased its monthly cash dividend 95.65%; from $0.23 per common share in March 2022 to $0.45 per common share in March 2023.Olympia's dividend payments to holders of Olympia common shares are designated as ‘eligible dividends' for Canadian tax purposes.