TORONTO, June 30 /CNW/ - Aecon Group Inc. (TSX: ARE) today released the
details of its previously announced dividend payments for 2008 dividends.
On March 4, 2008 Aecon announced that its Board of Directors had approved
annual dividends of $0.20 per share, to be paid in four quarterly payments of
$0.05 per share. The first quarterly dividend payment was paid on April 2,
2008 to shareholders of record on March 19, 2008.
Aecon's second quarterly dividend will be paid on July 7, 2008 to
shareholders of record on July 3rd 2008. Beginning with Aecon's third
quarterly dividend and until further notice, Aecon's quarterly dividends will
be paid on the first business day of each quarter (January, April, July and
October) to shareholders of record 10 calendar days prior to the payment date.
"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."
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. 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 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.
For further information:
For further information: Mitch Patten, Vice President, Corporate
Affairs, Aecon Group Inc., (416) 293-7004, firstname.lastname@example.org, www.aecon.com