Exco Technologies Limited quarterly dividend increased by 20%
TORONTO, Jan. 30, 2013
TORONTO, Jan. 30, 2013 /PRNewswire/ - Exco Technologies Limited (TSX-XTC)
today announced a quarterly cash dividend of $0.045 per share will be paid
March 29, 2013 to shareholders of record on March 15, 2013. This dividend
represents an increase 20% or 3 cents per share on an annualized basis from 15
cents per share to 18 cents per share. 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 and its liquidity position I
am pleased to announce this dividend increase. This increase follows an
increase of 25% which took place in fiscal 2012.
Exco Technologies Limited is a global supplier of innovative technologies
servicing the die-cast, extrusion and automotive industries. Through our 11
strategic locations, we employ 2,216 people and service a diverse and broad
SOURCE Exco Technologies Limited
Source:Exco Technologies Limited (TSX-XTC)
Contact:Paul Riganelli, Vice-President, Finance and Chief Financial Officer
Telephone:(905) 477-3065 ext. 7228
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