Stock Name: DH
Amount: CAD 0.31
Announcement Date: 08/11/2011
Record Date: 28/11/2011
Dividend Detail:
TORONTO, Nov. 8, 2011 /CNW/ - Davis + Henderson Corporation (TSX: DH)
("D+H" or "Davis + Henderson") today announced that its Board of
Directors has declared a quarterly dividend of $0.31 per common share
payable on December 30, 2011 to shareholders of record at the close of
business on November 30, 2011. The dividend is an eligible dividend for
Canadian income tax purposes.
Founded in 1875, Davis + Henderson provides innovative programs,
technology products, and technology based business services to
customers in the financial services industry who offer deposit,
lending, insurance and wealth management products to consumers and
businesses. Davis + Henderson Corporation is listed on the Toronto
Stock Exchange under the symbol DH. Further information can be found in
the disclosure documents filed by Davis + Henderson Corporation with
the securities regulatory authorities, available at www.sedar.com.
Forward-Looking Information
This press release contains certain statements that constitute
forward-looking information within the meaning of applicable securities
laws ("forward-looking statements"). Statements concerning D+H's
objectives, goals, strategies, intentions, plans, beliefs, expectations
and estimates, and the business, operations, financial performance and
condition of D+H are forward-looking statements. The words "believe",
"expect", "anticipate", "estimate", "intend", "may", "will", "would"
and similar expressions and the negative of such expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain these identifying words. These
forward-looking statements are subject to important assumptions,
including the following specific assumptions: the ability of D+H to
meet its revenue and EBITDA targets; general industry and economic
conditions; changes in D+H's relationship with its customers and
suppliers; pricing pressures and other competitive factors; the
anticipated effect of the acquisition of Mortgagebot on the financial
performance of D+H; and the expected benefits arising as a result of
the acquisition of Mortgagebot. D+H has also made certain macroeconomic
and general industry assumptions in the preparation of such
forward-looking statements. While D+H considers these factors and
assumptions to be reasonable based on information currently available,
there can be no assurance that actual results will be consistent with
these forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Business, or developments in D+H's
industry, to differ materially from the anticipated results,
performance, achievements or developments expressed or implied by such
forward-looking statements.
Risks related to forward-looking statements include, among other things,
challenges presented by declines in the use of cheques by consumers;
D+H's dependence on a limited number of large financial institution
customers and dependence on their acceptance of new programs; strategic
initiatives being undertaken to meet the D+H's financial objective;
stability and growth in the real estate, mortgage and lending markets;
as well as general market conditions, including economic and interest
rate dynamics. Given these uncertainties, readers are cautioned not to
place undue reliance on such forward-looking statements. The documents
incorporated by reference herein also identify additional factors that
could affect the operating results and performance of D+H.
Forward-looking statements are based on management's current plans,
estimates, projections, beliefs and opinions, and D+H does not
undertake any obligation to update forward-looking statements should
assumptions related to these plans, estimates, projections, beliefs and
opinions change except as required by applicable securities laws.
All of the forward-looking statements made in this press release are
qualified by these cautionary statements and other cautionary
statements or factors contained herein, and there can be no assurance
that the actual results or developments will be realized or, even if
substantially realized, that they will have the expected consequences
to, or effects on, D+H.
For further information:
Brian Kyle, Executive Vice President and Chief Financial Officer, Davis + Henderson Corporation, (416) 696-7700,investorrelations@dhltd.com or visit our website atwww.dhltd.com
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