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Decisive Dividend Corporation Announces Reinstatement of Monthly Dividend and Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2020
(TheNewswire) Kelowna, British Columbia - TheNewswire - A...
About this update from Decisive Dividend Corp.
[{"type":"text","content":"Decisive Dividend Corporation Announces Reinstatement of Monthly Dividend and Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2020\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Kelowna, British Columbia -\n \n \n TheNewswire\n \n \n - April 8, 2021 –\n \n \n Decisive Dividend Corporation (TSXV:DE) (the “Company” or\n“Decisive”)\n \n \n is pleased to announce the\nfollowing with respect to the reinstatement of its monthly dividend\nand\n \n \n its financial results for the fourth quarter\nand year ended December 31, 2020\n \n \n .\n \n \n \n \n \n \n - Record sales for Blaze King and Slimline’s\nwastewater evaporators in 2020 drove\n \n \n strong\nsequential quarterly consolidated sales growth of 33% in Q3 2020 over\nQ2 2020, and another 25% in Q4 2020 over Q3 2020.\n \n \n \n \n - Consolidated sales increased 4% to $14.8 million\ncompared to $14.3 million in Q4 2020.\n \n \n \n \n - Generated\n \n \n $8.1 million in\nAdjusted EBITDA*\n \n \n in fiscal 2020 a\n \n \n mid COVID-19 economic backdrop\n \n \n , an\n \n \n increase of 25% relative to fiscal\n2019\n \n \n .\n \n \n \n \n - Balance sheet strengthened with total debt reduction\nof $3.8 million in\n \n \n 2020 and, as of the date of\nthis release, the Company had $5.1 million in\n \n \n cash\n \n \n and there were no amounts drawn on\nits operating line.\n \n \n \n \n - Reinstating $0.02 per share monthly dividend,\n \n \n $0.24\n \n \n per common share on\nan annualized basis,\n \n \n with payments to recommence\nin May 2021.\n \n \n \n \n \n \n Selected\n \n \n Financial Highlights\n \n \n \n \n The following are selected financial highlights of\nDecisive\n \n \n for the fourth quarter and year ended\nDecember 31, 2020. All amounts are expressed in Canadian dollars. The\nCompany’s audited consolidated financial statements as well as its\nmanagement’s discussion and analysis (“MD&A”) are posted on\nSEDAR and on Decisive’s website (\n \n \n \n \n www.decisivedividend.com\n \n \n \n \n ).\n \n \n \n \n \n \n (Stated in thousands of dollars, except per share amounts)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n For the three months ended\n \n \n \n \n \n \n For ...