Cargojet Increases Dividend by 5.0%

MISSISSAUGA, ON, Nov. 12, 2012 /CNW/ - The Board of Cargojet Inc. (TSX: CJT, CJT.A) announced today that it has increased its annualized dividend rate by 5.0% from $0.5680 to $0.5964 per common voting share and variable voting share effective October 1, 2012.  Additionally, the Board of Cargojet Inc. has announced a cash dividend of $0.1491 per share for the period from October 1, 2012 to December 31, 2012.  The dividend will be paid to all shareholders of record as at the close of business on December 20, 2012 and will be payable on or before January 4, 2013.

Cargojet is Canada's leading provider of time sensitive overnight air cargo services and operates a network across North America as well as global air charters.

Notice on Forward Looking Statements:

Certain statements contained herein constitute "forward-looking statements".  Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business.  Forward-looking statements may include words such as "plans," "intends," "anticipates," "should," "estimates," "expects," "believes," "indicates," "targeting," "suggests" and similar expressions.  These forward-looking statements are based on current expectations and entail various risks and uncertainties. Reference should be made to the issuer's most recent Annual Information Form filed with the Canadian securities regulators, and its most recent Annual Consolidated Financial Statements and Quarterly Financial Statements and Notes thereto and related Management's Discussion and Analysis (MD&A), for a summary of major risks. Actual results may materially differ from expectations, if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate.  The issuer assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason, other than as required by applicable securities laws. In the event the issuer does update any forward-looking statement, no inference should be made that the issuer will make additional updates with respect to that statement, related matters, or any other forward-looking statement.

SOURCE: Cargojet Inc.

For further information:

P. Dhillon
Vice President Marketing, Public & Government Relations
Tel: (905) 501-7373
pdhillon@cargojet.com