KELOWNA,
BC, Feb. 14, 2025 /CNW/ - Decisive Dividend
Corporation (TSXV: DE) (the "Corporation") announced today
that, in accordance with its current monthly dividend policy, the
directors of the Corporation have declared a dividend of
$0.045 per common share for the month
of March 2025. The dividend is
payable on March 14, 2025, to the
shareholders of record at the close of business February 28, 2025.
Eligible shareholders have the opportunity to reinvest dividends
in accordance with the Corporation's dividend reinvestment and cash
purchase plan (the "DRIP"). Additional details are available under
the investors section of the Corporation's website
www.decisivedividend.com. This dividend is designated as an
"eligible" dividend under the Income Tax Act (Canada) and any corresponding provincial
legislation ("Tax Legislation").
The Corporation is also pleased to announce that the TSX Venture
Exchange (the "TSXV") has accepted the renewal of its normal course
issuer bid ("NCIB"). Under the renewed NCIB, Decisive may purchase
up to an aggregate of 985,552 common shares, representing 5% of the
19,711,039 issued and outstanding common shares on the date hereof
(prior to the issuance of any common shares issuable under the DRIP
in respect of the dividend payable on February 14, 2025).
Purchases of common shares under the NCIB may be made during the
period commencing on February 17,
2025, and ending on February 13,
2026, or an earlier date in the event that the Corporation
purchases the maximum number of the common shares available under
the NCIB. Decisive reserves the right to terminate the NCIB at any
time. Common shares may be purchased through the facilities of the
TSXV or such other permitted means (including through alternative
trading systems in Canada) at
prevailing market prices. All common shares acquired directly by
the Corporation under the NCIB will be cancelled.
Decisive sought renewal of its NCIB because it believes that,
from time to time, the market price of the common shares may not
fully reflect the value of the common shares. Decisive believes
that, in such circumstances, the purchase of common shares
represents an attractive use of its cash resources, from which
Decisive intends to fund purchases under the NCIB. Decisive will
continue to utilize BMO Nesbitt Burns Inc. as the broker through
which the NCIB will be conducted. Under its previous NCIB, that
commenced on February 16, 2024, and
expired on February 14, 2025,
Decisive purchased and cancelled 19,200 common shares at a weighted
average price of $6.60 per common
share.
About Decisive Dividend Corporation
Decisive Dividend Corporation is an acquisition-oriented
company, focused on opportunities in manufacturing. The
Corporation's purpose is to be the sought-out choice for exiting
legacy-minded business owners, while supporting the long-term
success of the businesses acquired, and through that, creating
sustainable and growing shareholder returns. The Corporation uses a
disciplined acquisition strategy to identify already profitable,
well-established, high quality manufacturing companies that have a
sustainable competitive advantage, a focus on non-discretionary
products, steady cash flows, growth potential and established,
strong leadership.
For more information on Decisive, or to sign up for email
notifications of Corporation press releases, please visit
www.decisivedividend.com.
Cautionary Statements
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of the contents of this News Release.
This press release contains forward-looking statements. These
statements relate to the monthly dividend policy adopted by the
directors of the Corporation. The declaration and payment of
dividends are subject to a number of risks, uncertainties and
assumptions, including without limitation the financial performance
and condition of the Corporation, the satisfaction of covenants
under the Corporation's credit facility and solvency tests under
applicable corporate law. There can be no assurance that the
directors of the Corporation will declare or pay any dividends in
the future or, if dividends are declared and paid, there can be no
assurance as to the frequency or amount of such dividends. The
forward-looking statements contained in this press release are made
as of the date hereof and the Corporation is not obligated to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by applicable securities laws. Because of the risks,
uncertainties and assumptions contained herein, investors should
not place undue reliance on forward-looking information.
SOURCE Decisive Dividend Corporation