Superior Plus Corp. - September 2009 Cash Dividend



    TSX: SPB

    CALGARY, Sept. 10 /CNW/ -

    
    September 2009 Cash Dividend - $0.135 per share
    -----------------------------------------------
    

    Superior Plus Corp. ("Superior") today announced its cash dividend for
the month of September 2009 of $0.135 per share payable on October 15, 2009.
The record date is September 30, 2009 and the ex-dividend date will be
September 28, 2009. The Corporation's annualized cash dividend rate is $1.62
per share. This dividend is an eligible dividend for Canadian income tax
purposes.

    
    About the Corporation
    ---------------------
    

    Superior is a diversified corporation. Superior holds 100% of Superior
Plus LP, a limited partnership formed between Superior General Partner Inc.,
as general partner and Superior as limited partner. Superior is focused on
stability of dividends with value growth and has four Canadian based operating
businesses: Superior Propane is Canada's largest distributor of propane and
related products and services; ERCO Worldwide is a leading supplier of
chemicals and technology to the pulp and paper industries and a regional
Midwest supplier of chloralkali and potassium products; Winroc is a leading
distributor of walls and ceilings construction products in North America; and
Superior Energy Management provides fixed-price natural gas supply services in
Ontario, Quebec, and British Columbia along with fixed-price electricity
supply services in Ontario.

    
    Superior's shares and convertible debentures trade on the TSX as follows:

    Trading Symbol   Security                Issued and Outstanding
    -------------------------------------------------------------------------
    SPB              Common Shares             88.4 million
    SPB.db.b         5.75% Debentures,       $174.9 million principal amount
                      Series 1
    SPB.db.c         5.85% Debentures,       $ 75.0 million principal amount
                      Series 1
    SPB.db.d         7.5% Debentures         $ 60.0 million principal amount
    -------------------------------------------------------------------------
    

    Forward Looking Information

    Certain information included in this Press Release is forward-looking,
within the meaning of applicable Canadian securities laws. Much of this
information can be identified by looking for words such as "believe",
"expects", "expected", "will", "intends", "projects", "anticipates",
"estimates", "continues" or similar words. Forward-looking information in this
Press Release includes but is not limited to, assumptions concerning the
future payment of dividends and the treatment of shareholders under tax laws.
Superior believes the expectations reflected in such forward-looking
information are reasonable but no assurance can be given that these
expectations will prove to be correct and such forward-looking statements
should not be unduly relied upon.
    Forward-looking information is not a guarantee of future performance and
involves a number of risks and uncertainties some of which are described
herein. Such forward-looking information necessarily involves known and
unknown risks and uncertainties, which may cause Superior's actual results to
differ materially from any projections of future results expressed or implied
by such forward-looking information. These risks and uncertainties include but
are not limited to the inability of Superior to meet the liquidity tests set
forth in the Canada Business Corporations Act with respect to the payment of
dividends and future changes to applicable tax laws and the other risks
identified in the Corporation's 2008 Annual Information Form under the heading
"Risk Factors", which is available on the SEDAR website (www.sedar.com). Any
forward-looking information is made as of the date hereof and, except as
required by law, Superior does not undertake any obligation to publicly update
or revise such information to reflect new information, subsequent or
otherwise.





For further information:

For further information: about Superior, please visit our website at:
www.superiorplus.com or contact: Wayne Bingham, Executive Vice-President and
Chief Financial Officer, Tel: (403) 218-2951, Fax: (403) 218-2973, E-mail:
wbingham@superiorplus.com; or A. Scott Daniel, Vice-President, Treasurer and
Investor Relations, Tel: (403) 218-2953, Fax: (403) 218-2973, E-mail:
sdaniel@superiorplus.com, Toll Free: 1-866-490-PLUS (7587)

Organization Profile

SUPERIOR PLUS CORP.

More on this organization


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