VANCOUVER, BC, Sept. 14, 2021 /CNW/ - Westshore Terminals
Investment Corporation (TSX: WTE) ("Westshore" or the
"Corporation") announced today that, following a periodic review,
the Board of Directors has determined to increase the quarterly
dividend from $0.20 per share to
$0.25 per share. In such reviews the
Board takes into account operating performance, current and
anticipated market conditions and other potential requirements for
and uses of funds on hand. A dividend of $0.25 per share will therefore be paid on or
before October 15, 2021 to
shareholders of record on September 30,
2021. The dividend will be designated an "eligible dividend"
for Canadian tax purposes.
For the eight months ended August 31,
2021, Westshore loaded 19.6 million tonnes, compared to 19.8
million tonnes for the same period in 2020. Throughput volumes for
2021 are anticipated to be in excess of 29 million tonnes. The
average handling rate for 2021 as a whole is anticipated to be
slightly higher than the average rate in the first half of
the year.
The foregoing statements concerning anticipated throughput
volumes, average handling rate and the level of future dividends
are forward-looking statements that reflect the current
expectations of the Corporation with respect to future events and
performance. Forward-looking statements should not be read as
guarantees of future performance or results and will not
necessarily be accurate indications of whether such performance or
results will be achieved.
Forward-looking statements are based on information available at
the time they are made, assumptions made by management, and
management's good faith belief with respect to future events, and
will be impacted by and are subject to the risks and uncertainties
outlined in the Corporation's Annual Information Form that could
cause actual performance or results to differ materially from those
reflected in the forward-looking statements, historical results or
current expectations.
SOURCE Westshore Terminals Investment Corporation
