ATCO Ltd. Eligible Dividends: Common Share Dividend Increased 15 Per Cent
CALGARY, ALBERTA–(Jan. 7, 2016) – The Board of Directors of ATCO Ltd. today declared a first quarter dividend of 28.50 cents per Class I Non-Voting (TSX:ACO.X) and Class II Voting Share (TSX:ACO.Y), a 15% increase over the 24.75 cents paid in each of the previous four quarters. The dividend is payable March 31, 2016, to shareholders of record on March 7, 2016.
These dividends are eligible dividends within the meaning of the Income Tax Act (Canada).
With nearly 8,000 employees and assets of approximately $19 billion, ATCO is a diversified global corporation delivering service excellence and innovative business solutions through vertically integrated global business units engaged in Structures & Logistics (workforce housing, innovative modular facilities, construction, site support services, and logistics, and operations management); Pipelines & Liquids (natural gas infrastructure development, transmission and distribution, natural gas liquids storage and processing, and industrial water solutions); and Electricity (power generation, distributed generation, and electricity distribution, transmission and infrastructure development). More information can be found at www.atco.com.
Media & Investor Inquiries:
B.R. (Brian) Bale
Senior Vice President & Chief Financial Officer