/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES./
WINNIPEG, MB, Sept. 17, 2020
/CNW/ - Boyd Group Services Inc. (TSX: BYD) today announced a
cash dividend for the third quarter of 2020 of $0.138 per common share. The dividend will
be payable on October 28, 2020 to
common shareholders of record at the close of business on
September 30, 2020.
Shareholders who are non-residents of Canada will be subject to withholding taxes in
respect of any dividends made by Boyd Group Services Inc.
ON BEHALF OF THE BOARD OF DIRECTORS
of Boyd Group Services Inc.
Mr. Tim O'Day, President &
CEO
About Boyd Group Services Inc.
Boyd Group Services Inc. ("BGSI") is a Canadian corporation and
controls The Boyd Group Inc. and its subsidiaries. BGSI shares
trade on the Toronto Stock Exchange (TSX) under the symbol BYD. For
more information on The Boyd Group Inc. or BGSI, please visit our
website at http://www.boydgroup.com.
About The Boyd Group Inc.
The Boyd Group Inc. (the "Company") is one of the largest
operators of non-franchised collision repair centres in
North America in terms of number
of locations and sales. The Company operates locations in
Canada under the trade names Boyd
Autobody & Glass (http://www.boydautobody.com) and Assured
Automotive (http://www.assuredauto.ca) as well as in the U.S. under
the trade name Gerber Collision & Glass
(http://www.gerbercollision.com). In addition, the Company is a
major retail auto glass operator in the U.S. with operations under
the trade names Gerber Collision & Glass, Glass America, Auto
Glass Service, Auto Glass Authority and Autoglassonly.com. The
Company also operates a third party administrator, Gerber National
Claims Services ("GNCS"), that offers glass, emergency roadside and
first notice of loss services. For more information on The Boyd
Group Inc. or Boyd Group Services Inc., please visit our website at
(http://www.boydgroup.com)
Caution concerning forward-looking statements
Statements made in this press release, other than those
concerning historical financial information, may be forward-looking
and therefore subject to various risks and uncertainties. Some
forward-looking statements may be identified by words like "may",
"will", "anticipate", "estimate", "expect", "intend", or "continue"
or the negative thereof or similar variations. Readers are
cautioned not to place undue reliance on such statements, as actual
results may differ materially from those expressed or implied in
such statements. Factors that could cause results to vary include,
but are not limited to: pandemic risk & economic downturn;
operational performance; acquisition risk; employee relations and
staffing; brand management and reputation; market environment
change; reliance on technology; foreign currency risk; loss of key
customers; decline in number of insurance claims; margin pressure
and sales mix changes; weather conditions and climate change;
competition; access to capital; dependence on key personnel; tax
position risk; corporate governance; increased government
regulation and tax risk; environmental, health and safety risk;
fluctuations in operating results and seasonality; risk of
litigation; execution on new strategies; insurance risk; dividends
not guaranteed; interest rates; U.S. health care costs and workers
compensation claims; low capture rates; supply chain risk; capital
expenditures; and energy costs and the BGSI's success in
anticipating and managing the foregoing risks.
We caution that the foregoing list of factors is not
exhaustive and that when reviewing our forward-looking statements,
investors and others should refer to the "Risk Factors" section of
BGSI's Annual Information Form, the "Risks and Uncertainties" and
other sections of our Management's Discussion and Analysis of
Operating Results and Financial Position and our other periodic
filings with Canadian securities regulatory authorities. All
forward-looking statements presented herein should be considered in
conjunction with such filings.
SOURCE Boyd Group Services Inc.