Aecon boosts dividends



    TORONTO, March 4 /CNW/ - Aecon Group Inc. (TSX: ARE) today announced that
its Board of Directors has approved an increase in the dividend to be paid to
all holders of Aecon Common Shares. Annual dividends will increase to $0.20
per share, to be paid in four quarterly payments of $0.05 per share. Aecon's
previous dividend policy was to pay semi-annual dividends of $0.07 per share
($0.14 annually). The first quarterly dividend payment will be paid on
April 2, 2008 to shareholders of record on March 19, 2008.
    "Aecon's continued strong earnings and cash flow performance is
indicative of its position in segments of the Canadian construction industry
experiencing substantial and durable growth," stated John M. Beck, Chairman
and CEO, Aecon Group Inc. "On the basis of this ongoing strength, the board
has determined that Aecon is in a position, not only to continue to invest in
significant growth, but also to provide an additional return to our
shareholders through increased dividends."

    About Aecon

    Aecon Group Inc. is Canada's largest publicly traded construction and
infrastructure development company. Aecon and its subsidiaries provide
services to private and public sector clients throughout Canada and
internationally. Aecon is pleased to be recognized as one of the 50 Best
Employers in Canada as published by Report on Business Magazine.

    The information in this news release includes certain forward-looking
statements. Forward-looking statements are based on estimates and assumptions
derived from past experience and interpretation of historical trends, current
conditions and expected future developments. Many factors could cause Aecon's
actual results, performance or achievements to vary from those expressed or
inferred by these statements, including without limitation, the future of the
Eastmain Joint Venture to recover the value of unpriced change orders, risks
associated with the Quito Airport Project and the various general and specific
risks associated with operating in the construction and infrastructure
development industry. Risk factors are discussed in greater detail in the
Section entitled "Risk Factors and Uncertainties" in Management's Discussion
and Analysis of operating results and Financial condition for the year ended
December 31, 2007 to be filed on SEDAR at www.sedar.com. Although Aecon
believes that the expectations reflected in forward-looking statements are
reasonable, it can give no assurance that the expectations of any
forward-looking statements will prove to be correct.

    %SEDAR: 00004778EF




For further information:

For further information: Mitch Patten, Vice President, Corporate
Affairs, Aecon Group Inc., (416) 293-7004, aecon@aecon.com, www.aecon.com


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890