Exco Technologies Limited quarterly dividend increased by 25%
April 25 2012 - 4:31PM
PR Newswire (US)
TORONTO, April 25, 2012 /PRNewswire/ - 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.
SOURCE Exco Technologies Limited
Copyright 2012 PR Newswire
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