Contrans announces 4th quarter dividend & 25% increase in dividend for 2013
WOODSTOCK, ON, Jan. 16, 2013 /CNW/ - The Board of Directors of Contrans Group
Inc. ("Contrans") (TSX Symbol CSS) announced today that it has declared a
dividend of $0.10 per outstanding Class A Subordinate Voting Share and Class B
Multiple Voting Share, in respect of the fourth quarter of 2012, payable on
February 15, 2013 to shareholders of record at the close of business on
January 31, 2013.
Contrans also announced today its intention to increase its quarterly dividend
for 2013 to $0.125 per share, a 25% increase. "The Company has delivered
positive results in 2012 and has a healthy balance sheet that has us well
positioned for growth," stated Stan G. Dunford, Chairman and Chief Executive
Officer. "Accordingly, the Board of Directors has determined that an increase
in dividends is appropriate."
For Canadian resident shareholders the dividend declared above is designated
as an "eligible dividend" for purposes of the enhanced dividend tax credit
rules contained in the Income Tax Act (Canada) and any corresponding
provincial and territorial tax legislation.
Contrans has been providing freight transportation services since 1985. With
approximately 1,400 power units and 2,600 trailers under management, Contrans
is one of the largest freight transportation companies in Canada.
Stan G. Dunford, Chairman and Chief Executive Officer, or Greg W. Rumble,
President and Chief Operating Officer Phone: 519-421-4600
E-mail:firstname.lastname@example.org Web site:www.contrans.ca
SOURCE: Contrans Group Inc.
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-0- Jan/16/2013 14:08 GMT
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