Business
CANLAN INITIATES QUARTERLY DIVIDEND
CANLAN INITIATES QUARTERLY DIVIDEND
About this update from Canlan Ice Sports Corp.
[{"type":"text","content":"\n\n\n\n Dec. 6, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nBURNABY, BC, Dec. 6 /CNW/ - Canlan Ice Sports Corp. (TSX: ICE),\n providers of the on-ice, field and other recreational sports\n experiences to youth and adults across North America, today announced\n that its Board of Directors has approved the introduction of a\n quarterly dividend, and declared that a dividend of $0.015 per common\n share will be paid on January 17, 2011 to shareholders of record at the\n close of business December 15, 2010.\n\n\n"The initiation of a dividend policy is our most significant milestone\n to date and is a testament to the effectiveness of our business model\n as well as our progress over the recent years," said Joey St-Aubin,\n President and CEO of Canlan Ice Sports Corp.\n\n\nMichael Gellard, Canlan's Chief Financial Officer, added, "Initiating a\n quarterly dividend also reflects  the continued confidence in our\n ability to generate strong seasonal cash flows, pay down debt and fund\n growth initiatives, such as our recent expansion into select US\n markets."\n\n\nCanlan's Board of Directors will review the Company's dividend policy on\n a quarterly basis.\n\n\nCanlan's dividend is designated as an "eligible" dividend under the\n Income Tax Act (Canada) and any corresponding provincial legislation.  \n Under this legislation, individuals resident in Canada may be entitled\n to enhanced dividend tax credits, which reduce income tax oth...