Exco Technologies Limited quarterly dividend increased by 20%
January 30 2013 - 4:30PM
PR Newswire (Canada)
Exco Technologies Limited quarterly dividend increased by 20%
TORONTO,
Jan. 30, 2013 /CNW/ - Exco
Technologies Limited (TSX-XTC) today announced a quarterly cash
dividend of $0.045 per share will be
paid March 29, 2013 to shareholders
of record on March 15, 2013. This
dividend represents an increase 20% or 3
cents per share on an annualized basis from 15 cents per share to 18
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.
This increase follows an increase of 25% which took place in fiscal
2012.
Exco Technologies Limited is a global
supplier of innovative technologies servicing the die-cast,
extrusion and automotive industries. Through our 11 strategic
locations, we employ 2,216 people and service a diverse and broad
customer base.
SOURCE Exco Technologies Limited
Copyright 2013 Canada NewsWire
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