Exco Technologies Limited - Quarterly Dividend Raised 14%
02 February 2017 - 8:06AM
PR Newswire (Canada)
TORONTO, Feb. 1, 2017 /CNW/ - Exco Technologies
Limited (TSX-XTC) today announced a quarterly cash dividend of
$0.08 per common share to be paid on
March 31, 2017 to shareholders of
record on March 15, 2017. This
dividend represents a 14% increase. The dividend is an "eligible
dividend" in accordance with the Income Tax Act of
Canada.
Brian Robbins, CEO of Exco said,
"Strong financial performance continues to fuel cash generation and
debt reduction. 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 eighth increase in seven years during which
time the dividend increased over 300%.
Exco Technologies Limited is a global supplier of innovative
technologies servicing the die-cast, extrusion and automotive
industries. Through our 16 strategic locations in 8
countries, we employ 6,351 people and service a diverse and broad
customer base.
SOURCE Exco Technologies Limited
Copyright 2017 Canada NewsWire
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