TORONTO, March 6, 2018/CNW/ - Enercare Inc. ("Enercare") (TSX: ECI) today announced a cash dividend of $0.08 per common share which will be payable on March 29, 2018 to shareholders of record at the close of business on March 15, 2018. This dividend is designated as an "eligible dividend" for Canadian income tax purposes. Canadian resident shareholders may enroll in Enercare's Dividend Reinvestment Plan ("DRIP") and receive common shares of Enercare instead of a cash dividend payment. DRIP participants will receive common shares issued from treasury at a 5% discount to the 5-day volume weighted average trading price immediately before February 28, 2018.
Enercare is headquartered in Markham, Ontario and publicly traded on the Toronto Stock Exchange (TSX: ECI). As one of North America's largest home and commercial services and energy solutions companies with approximately 4,500 employees under its Enercare and Service Experts brands, Enercare is a leading provider of water heaters, water treatment, furnaces, air conditioners and other HVAC rental products, plumbing services, protection plans and related services. With operations in Canada and the United States, Enercare serves approximately 1.6 million customers annually. Enercare is also the largest non-utility sub-meter provider, with electricity, water, thermal and gas metering contracts for condominium and apartment suites in Canada and through its Triacta brand, a premier designer and manufacturer of advanced sub-meters and sub-metering solutions.