April 6, 2022 – TheNewswire – Kelowna, British Columbia: Decisive Dividend Corporation (TSXV:DE) (the “Corporation” or “Decisive”) is pleased to announce an increase in its monthly dividend to $0.03 per common share effective May 2022. The increased monthly dividend represents annualized dividends of $0.36 per common share, up 20% from the previous level set at $0.30 per common share on an annualized basis. This increase returns the Corporation’s dividend to pre-pandemic levels and is consistent with Decisive’s objective of providing shareholders with long-term, sustainable, and growing dividends.
Jeff Schellenberg, Chief Executive Officer of Decisive, noted:
“We are very pleased that we are in a position to return the monthly dividend to pre-pandemic levels. Our ability to do so is premised on the strength of our Q4 2021 operating results as well as the 2022 demand trends we are witnessing across our portfolio of businesses. Over the past year, we have made tremendous progress toward stabilizing the overall performance of the Corporation and believe the $0.03 per common share monthly dividend reflects our commitment to provide sustainable and growing dividends to our shareholders.”
The $0.03 per common share dividend declared by the directors of the Corporation for the month of May 2022 is payable on May 13, 2022, to the shareholders of record at the close of business on April 29, 2022.
Eligible shareholders have the opportunity to reinvest dividends in accordance with the Corporation’s dividend reinvestment and cash purchase plan (the “DRIP”). Additional details are available under the investors section of the Corporation’s website www.decisivedividend.com.
This dividend is designated as an “eligible” dividend under the Income Tax Act (Canada) and any corresponding provincial legislation (“Tax Legislation”).
About Decisive Dividend Corporation
Decisive Dividend Corporation is an acquisition-oriented company, focused on opportunities in manufacturing. The Corporation’s purpose is to be the sought-out choice for exiting legacy-minded business owners, while supporting the long-term success of the businesses acquired, and through that, creating sustainable and growing shareholder returns. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established, high quality manufacturing companies that have a sustainable competitive advantage, a focus on non-discretionary products, steady cash flows, growth potential and established, strong leadership.
For more information on Decisive, or to sign up for email notifications of Corporation press releases, please visit www.decisivedividend.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Jeff Schellenberg, Chief Executive Officer
Rick Torriero, Chief Financial Officer
#201, 1674 Bertram Street
Kelowna, BC V1Y 9G4
Telephone: (250) 870-9146
Cautionary Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this News Release.
This press release contains forward-looking statements. These statements relate to the monthly dividend policy adopted by the directors of the Corporation. The declaration and payment of dividends are subject to a number of risks, uncertainties and assumptions, including without limitation the financial performance and condition of the Corporation, the satisfaction of covenants under the Corporation’s credit facility and solvency tests under applicable corporate law. There can be no assurance that the directors of the Corporation will declare or pay any dividends in the future or, if dividends are declared and paid, there can be no assurance as to the frequency or amount of such dividends. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.
Copyright (c) 2022 TheNewswire – All rights reserved.