Exco Technologies Limited - Quarterly Dividend Raised 17%
03 Febbraio 2016 - 10:55PM
PR Newswire (Canada)
TORONTO, Feb. 3, 2016 /CNW/ - Exco Technologies
Limited (TSX-XTC) today announced a quarterly cash dividend of
$0.07 per common share to be paid on
March 30, 2016 to shareholders of
record on March 16, 2016. This
dividend represents a 17% increase. The dividend is an "eligible
dividend" in accordance with the Income Tax Act of
Canada.
Brian Robbins, CEO of Exco said,
"Strong business fundamentals continue to support our financial
performance. In light of this and after having reviewed Exco's
capital needs over the balance of the year together with its
liquidity position, I am pleased to announce this dividend
increase". This is the seventh increase in six years over which
time the dividend increased 250%.
Exco Technologies Limited is a global supplier of innovative
technologies servicing the die-cast, extrusion and automotive
industries. Through our 19 strategic locations in 10
countries, we employ 5,362 people and service a diverse and broad
customer base.
SOURCE Exco Technologies Limited
Copyright 2016 Canada NewsWire
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