Contrans Increases its Quarterly Dividend by 20%
WOODSTOCK, ON, April 15, 2014 /CNW/ - The Board of Directors of Contrans Group Inc. ("Contrans") (TSX Symbol CSS) announced today that it has declared a dividend of $0.15 per outstanding Class A Subordinate Voting Share and Class B Multiple Voting Share, payable on May 15, 2014 to shareholders of record at the close of business on April 30, 2014.
For Canadian resident shareholders the dividend declared above is designated as an "eligible dividend" for purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation.
Contrans has been providing freight transportation services since 1985. With approximately 1,500 power units and 2,600 trailers under management, Contrans is one of the largest freight transportation companies in Canada.
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