Exco Technologies Limited quarterly dividend increased by 25%
April 25 2012 - 6:31AM
PR Newswire (Canada)
TORONTO, April 25, 2012 /CNW/ - Exco Technologies Limited (TSX-XTC)
today announced a quarterly cash dividend of $0.0375 per share will
be paid June 29, 2012 to shareholders of record on June 13, 2012.
This dividend represents a quarterly increase of $0.0075 or a 3
cents increase per share on an annualized basis from 12 cents per
share to 15 cents per share. 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 and its
liquidity position I am pleased to announce this dividend
increase." On an annualized basis this increase of $0.03 per
share represents an increase of 25% and follows an increase of 50%
which took place in fiscal 2011. Exco Technologies Limited is a
global supplier of innovative technologies servicing the die-cast,
extrusion and automotive industries. Through our 10 strategic
locations, we employ 2,169 people and service a diverse and broad
customer base. Exco Technologies Limited CONTACT: Paul Riganelli,
Vice-President, Finance and Chief FinancialOfficerTelephone: (905)
477-3065 ext. 7228Website: http://www.excocorp.com
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