MISSISSAUGA, ON, Feb. 27, 2012 /CNW/ - the Board of Cargojet Inc. (the
"Corporation") (TSX: CJT, CJT.A) announced today that it has increased
its annualized dividend rate by 5.2% from $0.540 to $0.568 per common
voting share and variable voting common voting share effective January
1, 2012. Additionally, the Board of the Corporation announced today a
cash dividend of $0.142 per share for the period from January 1, 2012
to March 31, 2012. The dividend will be paid to all shareholders of
record as at the close of business on March 20, 2012 and will be
payable on or before April 5, 2012.
Cargojet is Canada's leading provider of time sensitive overnight air
cargo services. Cargojet operates its network across North America each
business night, utilizing a fleet of twelve all-cargo aircraft.
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:
Vice President Marketing, Public & Government Relations
Tel: (905) 501-7373