Exco Technologies Limited - Quarterly Dividend Raised 17%
February 03 2016 - 4:55PM
PR Newswire (US)
TORONTO, Feb. 3, 2016 /PRNewswire/ - Exco
Technologies Limited (TSX-XTC) today announced a quarterly cash
dividend of $0.07 per common share to
be paid on March 30, 2016 to
shareholders of record on March 16,
2016. This dividend represents a 17% 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 together with its
liquidity position, I am pleased to announce this dividend
increase". This is the seventh increase in six years over which
time the dividend increased 250%.
Exco Technologies Limited is a global supplier of innovative
technologies servicing the die-cast, extrusion and automotive
industries. Through our 19 strategic locations in 10
countries, we employ 5,362 people and service a diverse and broad
customer base.
SOURCE Exco Technologies Limited
Copyright 2016 PR Newswire
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