Tickers: XTSX:DE, XTSX:DE.P
Tags: Finance
June 15, 2018 / TheNewswire / Kelowna, British Columbia: Decisive Dividend Corporation (TSX-V: DE) (the "Corporation" or "Decisive") announced today that, in accordance with its current monthly dividend policy, the directors of the Corporation have declared a dividend of $0.03 per common share for the month of July 2018. The dividend is payable on July 13, 2018 to the shareholders of record at the close of business on June 29, 2018. This dividend is designated as an "eligible" dividend under the Income Tax Act (Canada) and any corresponding provincial legislation ("Tax Legislation").
The declaration of the July dividend is a significant milestone for the Corporation: on September 19, 2013, the Corporation announced its successful completion of its initial public offering ("IPO") raising gross proceeds of $1,500,000 at a subscription price of $1.00 per share. As at the July 2018 dividend, the cumulative dividends paid to shareholders now totals $1.01.
James Paterson, Chief Executive Officer of Decisive, said:
"We are extremely pleased to announce the July dividend to our shareholders: this dividend is a significant achievement for us as an organization. On July 13, 2018 our IPO subscribers will have received a 100% return on their investment in the Corporation.
On behalf of the Board of Directors and the team at Decisive, thank you for putting your faith and trust in us! We are excited about what the future looks like for the Group and we look forward to your continued support."
About Decisive Dividend Corporation
Decisive Dividend Corporation is an acquisition-oriented company, focusing on the manufacturing sector. The Corporation uses a disciplined acquisition strategy to identify already profitable, established companies that have strong management teams, generate steady cash flow, operate in non-cyclical markets, and have opportunity for future growth.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this News Release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mr. David Redekop, Director and Chief Financial Officer
#201, 1674 Bertram Street
Kelowna, BC V1Y 9G4
Telephone: (250) 870-9146
Cautionary Statements
This press release contains forward-looking statements. These statements relate to the monthly dividend policy adopted by the directors of the Corporation. The declaration and payment of dividends are subject to solvency tests under applicable corporate law. There can be no assurance that the directors of the Corporation will declare any dividends in the future or, if dividends are declared, there can be no assurance as to the frequency or amount of such dividends. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.
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