Stock Name: OML
Amount: CAD 0.02
Announcement Date: 31/10/2011
Record Date: 11/11/2011
Dividend Detail:
OML-TSX VENTURE
CERRITOS, CA, Oct. 31, 2011 /CNW/ - Omni-Lite Industries Canada Inc. is
pleased to announce that the Board of Directors have approved a
dividend of two cents (CDN) per share for shareholders of Omni-Lite's
Common Class A shares of record on November 15, 2011. The dividend is
payable on December 1, 2011.
"After reviewing the Company's positive results in the first half of the
year, the Board of Directors would like to announce a continuation of
the dividend program initiated last year. As the Company continues to
successfully execute its Vision 2015 plan of growth and development,
one of the key benefits will be a focus on enhanced shareholder value.
Given the sound financial performance of the Company overall and a
review of the large prospects on the horizon, the Board is pleased to
offer our investors a cash return on their investment in Omni-Lite,"
stated David F. Grant, CEO and Chairman of the Board. "The Management
and staff of the Company are proud to have attained a level of success
where a dividend can continue to be a component of the value attached
to the stock of the Company."
The Board of Directors will continue to review the Company's dividend
policy on a semi-annual basis.
Omni-Lite is a rapidly growing high technology company that develops and
manufactures precision components utilized by several Fortune 500
companies including Boeing, Airbus, Alcoa, Ford, Caterpillar, Borg
Warner, Chrysler, the U.S. Military, Nike, and adidas.
Except for historical information contained herein this document
contains forward-looking statements. These statements contain known and
unknown risks and uncertainties that may cause the Company's actual
results or outcomes to be materially different from those anticipated
and discussed herein.
THE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE
INFORMATION CONTAINED HEREIN.
For further information:
Mr. Tim Wang, CFO
Tel. No. (562) 404-8510 or (800) 577-6664 (Canada and USA)
Fax. No. (562) 926-6913, email:info@omni-lite.com
Website:www.omni-lite.com
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