Business
Exco Technologies Limited - Quarterly Dividend Increased
Jul. 27, 2011 (Canada NewsWire Group) -- TORONTO, July 27, 2011 /CNW/ - Exco Technologies Li...
About this update from Exco Technologies Limited
[{"type":"text","content":"\n\n\n Jul. 27, 2011 (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\nTORONTO, July 27, 2011 /CNW/ - Exco Technologies Limited (TSX-XTC) today announced a quarterly cash dividend of $0.03 per share will be\n paid September 30, 2011 to shareholders of record on September 15,\n 2011. This dividend represents a quarterly increase of $0.005 or a 2\n cents increase per share on an annualized basis from 10 cents per share\n to 12 cents per share. The dividend is an "eligible dividend" in\n accordance with the Income Tax Act of Canada.\n\n\nBrian Robbins, CEO of Exco said "Recent financial results over the last\n few quarters have demonstrated that Exco has sufficient liquidity to\n meet working capital and other requirements." This increase, combined\n with the last increase in December 2010, represents an increase of 50%\n in the current fiscal year.\n\n\nExco Technologies Limited is a global supplier of innovative\n technologies servicing the die-cast, extrusion and automotive\n industries.  Through our 10 strategic locations, we employ 1,994 people\n and service a diverse and broad customer base.\n\n\nThis news release contains forward-looking information and\n forward-looking statements within the meaning of applicable securities\n laws. We use words such as "anticipate", "plan", "may", "will",\n "should", "expect", "believe", "estimate" and similar expressions to\n identify forward...