Dorel declares quarterly dividend
MONTREAL, Feb. 15, 2013
TSX: DII.B, DII.A
MONTREAL, Feb. 15, 2013 /PRNewswire/ - Dorel Industries Inc. (TSX: DII.B
DII.A) today announced it has declared its regular quarterly dividend of
US$0.30 per share on the outstanding number of the Company's Class A Multiple
Voting Shares, Class B Subordinate Voting Shares and Deferred Share Units. The
dividend is payable on March 15, 2013 to shareholders of record as at the
close of business on March 1, 2013.
Dorel Industries Inc. (TSX: DII.B, DII.A) is a world class juvenile products
and bicycle company. Dorel creates style and excitement in equal measure to
safety, quality and value. The Company's lifestyle leadership position is
pronounced in both its Juvenile and Bicycle categories with an array of
trend-setting products. Dorel's powerfully branded products include Safety
1^st, Quinny, Cosco, Maxi-Cosi and Bébé Confort in Juvenile, as well as
Cannondale, Schwinn, GT, Mongoose, IronHorse and SUGOI in
Recreational/Leisure. Dorel's Home Furnishings segment markets a wide
assortment of both domestically produced and imported furniture products,
principally within North America. Dorel has annual sales of US$2.4 billion and
employs 5,000 people in facilities located in twenty-four countries worldwide.
Caution Regarding Forward Looking Statements
Certain statements included in this press release may constitute
"forward-looking statements" within the meaning of applicable Canadian
securities legislation. Except as may be required by Canadian securities
laws, Dorel does not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. Forward-looking statements, by their very nature, are
subject to numerous risks and uncertainties and are based on several
assumptions which give rise to the possibility that actual results could
differ materially from Dorel's expectations expressed in or implied by such
forward-looking statements and that the objectives, plans, strategic
priorities and business outlook may not be achieved. As a result, Dorel cannot
guarantee that any forward-looking statement will materialize. Forward-looking
statements are provided in this press release for the purpose of giving
information about Management's current expectations and plans and allowing
investors and others to get a better understanding of Dorel's operating
environment. However, readers are cautioned that it may not be appropriate to
use such forward-looking statements for any other purpose.
Forward-looking statements made in this press release are based on a number of
assumptions that Dorel believed were reasonable on the day it made the
forward-looking statements. Factors that could cause actual results to differ
materially from the Company's expectations expressed in or implied by the
forward-looking statements include: general economic conditions; changes in
product costs and supply channel; foreign currency fluctuations; customer and
credit risk including the concentration of revenues with few customers; costs
associated with product liability; changes in income tax legislation or the
interpretation or application of those rules; the continued ability to develop
products and support brand names; changes in the regulatory environment;
continued access to capital resources and the related costs of borrowing;
changes in assumptions in the valuation of goodwill and other intangible
assets and subject to dividends being declared by the Board of Directors,
there can be no certainty that Dorel's Dividend Policy will be maintained.
These and other risk factors that could cause actual results to differ
materially from expectations expressed in or implied by the forward-looking
statements are discussed in Dorel's annual MD&A and Annual Information Form
filed with the applicable Canadian securities regulatory authorities. The risk
factors outlined in the previously mentioned documents are specifically
incorporated herein by reference.
Dorel cautions readers that the risks described above are not the only ones
that could impact it. Additional risks and uncertainties not currently known
to Dorel or that Dorel currently deems to be immaterial may also have a
material adverse effect on our business, financial condition or results of
operations. Given these risks and uncertainties, investors should not place
undue reliance on forward-looking statements as a prediction of actual
Except as otherwise indicated, forward-looking statements do not reflect the
potential impact of any non-recurring or other unusual items or of any
dispositions, mergers, acquisitions, other business combinations or other
transactions that may be announced or that may occur after the date hereof.
The financial impact of these transactions and non-recurring and other unusual
items can be complex and depends on the facts particular to each of them.
Dorel therefore cannot describe the expected impact in a meaningful way or in
the same way Dorel presents known risks affecting the business.
SOURCE DOREL INDUSTRIES INC.
Dorel Industries Inc.
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