TORONTO, Feb. 3, 2016 /CNW/ - Exco Technologies Limited (TSX-XTC) today announced a quarterly cash dividend of $0.07 per common share to be paid on March 30, 2016 to shareholders of record on March 16, 2016. This dividend represents a 17% increase. The dividend is an "eligible dividend" in accordance with the Income Tax Act of Canada.
Brian Robbins, CEO of Exco said, "Strong business fundamentals continue to support our financial performance. In light of this and after having reviewed Exco's capital needs over the balance of the year together with its liquidity position, I am pleased to announce this dividend increase". This is the seventh increase in six years over which time the dividend increased 250%.
Exco Technologies Limited is a global supplier of innovative technologies servicing the die-cast, extrusion and automotive industries. Through our 19 strategic locations in 10 countries, we employ 5,362 people and service a diverse and broad customer base.
SOURCE Exco Technologies Limited
For further information: Source: Exco Technologies Limited (TSX-XTC), Contact: Paul Riganelli, Senior Vice President and Chief Operating Officer, Telephone: (905) 477-3065 Ext. 7228, Website: http://www.excocorp.com