Business
Superior Plus Confirms May 2010 Cash Dividend and Dividend Reinvestment Program
Superior Plus Confirms May 2010 Cash Dividend and Dividend Reinvestment Program
About this update from Superior Plus Corp
[{"type":"text","content":"\n\n\n\n May 5, 2010 (Canada NewsWire Group) -- TSX: SPB\n\n\n\n\n >\n\nIn response to a third party news article providing incorrect information, Superior Plus Corp. ("Superior") is confirming its previously announced cash dividend for the month of May, 2010 of $0.135 per share payable on June 15, 2010. The record date is May 31, 2010 and the ex-dividend date will be May 27, 2010. Superior's annualized cash dividend rate is currently $1.62 per share. Superior is also confirming that it has re-established its Dividend Reinvestment Program ("DRIP") effective for the payment of the May 2010 dividend. Participation in the DRIP is at the option of the shareholder.\nA recently issued news story published through Thompson Reuters stated that "Superior will halt paying its dividend and plans to use the proceeds to reduce debt". This news story was incorrect. As a result, the news story was subsequently corrected and reissued by Thompson Reuters.\n\n\n >\n\nSuperior consists of three primary operating businesses: Energy Services includes the distribution of propane and distillates and related fixed-price energy services; Specialty Chemicals includes the manufacture and sale of specialty chemicals; and Construction Products Distribution includes the distribution of specialty construction products.\nSuperior's shares and convertible debentures trade on the TSX as follows:\n\n\n >\n\n\nForward Looking Information\n\nCertain information included in this Press Release is forward-looking, within the meaning of applicable Canadian securities laws. Much of this information can be identified by looking for words such as "believe", "expects", "expected", "will", "intends", "projects", "anticipates", "estimates", "continues" or similar words. Forward-looking information in this Press Release includes but is not limited to, assumptions concerning the future payment of dividends and the reestablishment of Superior's dividend reinvestment program. Superior believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.\nForward-looking information is not a guarant...