Stock Name: XTC
Amount: CAD 0.0375
Announcement Date: 25/04/2012
Record Date: 11/06/2012
Dividend Detail:
TORONTO, April 25, 2012 /CNW/ - Exco Technologies Limited (TSX-XTC) today announced a quarterly cash dividend of $0.0375 per share will be
paid June 29, 2012 to shareholders of record on June 13, 2012. This
dividend represents a quarterly increase of $0.0075 or a 3 cents
increase per share on an annualized basis from 12 cents per share to 15
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."�� On an annualized basis this increase of $0.03 per share
represents an increase of 25% and follows an increase of 50% which took
place in fiscal 2011.
Exco Technologies Limited is a global supplier of innovative
technologies servicing the die-cast, extrusion and automotive
industries.�� Through our 10 strategic locations, we employ 2,169 people
and service a diverse and broad customer base.
For further information:
Paul Riganelli, Vice-President, Finance and Chief Financial Officer
Telephone:��(905) 477-3065 ext. 7228
Website:��http://www.excocorp.com
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