Exco Technologies Limited - Quarterly Dividend Increased by 20%
January 28 2015 - 5:30PM
PR Newswire (Canada)
TORONTO, Jan. 28, 2015 /CNW/ - Exco Technologies
Limited (TSX-XTC) today announced a quarterly cash dividend of
$0.06 per share to be paid
March 27, 2015 to shareholders of
record on March 13, 2015. This
dividend represents a 20% increase. 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 is
the sixth increase in five years over which the dividend increased
200%.
Exco Technologies Limited is a global supplier of innovative
technologies servicing the die-cast, extrusion and automotive
industries. Through our 18 strategic locations in 10
countries, we employ 5,081 people and service a diverse and broad
customer base.
SOURCE Exco Technologies Limited
Copyright 2015 Canada NewsWire
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