Doman Building Materials Group Ltd. Announces Quarterly Dividend
June 15 2021 - 8:00AM
Doman Building Materials Group Ltd. (“Doman” or “the Company”)
(TSX: DBM; DBM.NT) is pleased to announce that its board of
directors has declared a dividend for the 45th consecutive quarter,
which will be paid on July 15, 2021, to shareholders of record on
June 30, 2021, of $0.12 per share.
About Doman Building Materials Group
Ltd.
Doman is headquartered in Vancouver, British
Columbia and trades on the Toronto Stock Exchange under the symbol
DBM and is a leading North American distributor of building
materials, and is Canada's only fully integrated national
distributor in the building materials and related products sector.
Doman operates several distinct divisions: CanWel Building
Materials with multiple treating plant, planing facilities and
distribution centres coast-to coast in all major cities and
strategic locations across Canada; founded in 1959, Hixson Lumber
Company in the central United States, with 19 treating plants and
five sawmills located in eight states, headquartered in Dallas,
Texas, distributing, producing and treating lumber, fencing and
building materials; California Cascade in the western United States
near Portland, Oregon, San Francisco and Los Angeles, California
with treating facilities and distribution of building materials,
lumber and renovation products; founded in 1935, the Honsador
Building Products Group in 14 locations in the State of Hawaii,
with treating facilities, truss plants and distribution of a wide
range of building materials, lumber, renovation and electrical
products. In addition, through its CanWel Fibre division, the
Company operates a vertically integrated forest products company
based in Western Canada, operating from British Columbia to
Saskatchewan, also servicing the US Pacific Northwest. CanWel Fibre
owns approximately 117,000 acres of private timberlands, strategic
licenses and tenures, log harvesting and trucking operations,
several post and pole peeling facilities and two pressure-treated
specialty wood production plants and a specialty saw mill. Please
see our filings on SEDAR under Doman Building Materials Group Ltd.
(formerly, CanWel Building Materials Group Ltd.) for additional
information.
For further information regarding Doman Building
Materials Group Ltd. please contact:
Ali MahdaviInvestor Relations416-962-3300
ali.mahdavi@canwel.com
Certain statements in this press release may
constitute “forward-looking” statements. When used in this press
release, forward-looking statements often but not always, can be
identified by the use of forward-looking words such as, including
but not limited to, “may”, “will”, “would”, “should”, “expect”,
“believe”, “plan”, “intend”, “anticipate”, “predict”, “remain”,
“estimate”, “potential”, “forecast”, “budget”, “schedule”,
“continue”, “could”, “might”, “project”, “targeting”, "future" and
other similar terminology or the negative or inverse of such words
or terminology. These forward-looking statements reflect the
current expectations of the Company’s management regarding future
events and operating performance, but involve other known and
unknown or unpredictable risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the Company, including but not limited to, sales, earnings, cash
flow from operations, EBITDA generated, dividends generated or paid
by the Company, including whether at the rate as of the date
hereof, or some other dividend rate, or special dividend if any, in
the future which may be lower than the current or past rates, or
industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Such forward-looking statements should
therefore be construed in the light of such factors. Actual events
could differ materially from those projected herein and depend on a
number of factors including risks related to the Company’s
acquisition of business of the Hixson Lumber Sales group of
companies as set out in the Company’s press release dated June 4,
2021 and other factors described in the periodic and other reports
filed by the Company and its predecessor with Canadian securities
commissions and available on SEDAR (http://www.sedar.com). Although
the Company believes that the expectations and the conditions
reflected in such forward-looking statements are reasonable, the
Company can give no assurance that each of these conditions will be
satisfied to its satisfaction or that expectations will prove to be
correct. By their nature, forward-looking statements involve risk
and uncertainty because they relate to events and depend on
circumstances that will occur in the future. These forward-looking
statements speak only as of the date of this press release. We
caution that the foregoing factors that may affect future results
are not exhaustive. When relying on our forward-looking statements
to make decisions with respect to the Company, investors and others
should carefully consider the foregoing factors and other
uncertainties and potential events.
Neither the Company nor any of its associates or
directors, officers, partners, affiliates, or advisers, provides
any representation, assurance or guarantee that the occurrence of
the events expressed or implied in any forward-looking statements
in these communications will actually occur. You are cautioned not
to place undue reliance on these forward-looking statements. Except
as required by applicable securities laws and legal or regulatory
obligations, the Company is not under any obligation, and expressly
disclaims any intention or obligation, to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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