LUNENBURG, NS, Dec. 20, 2013 /CNW/ - High Liner Foods Incorporated (TSX: HLF) ("High Liner Foods" or "the Company"), the leading North American value-added frozen seafood company, is pleased to announce that High Liner Foods will be added to the S&P/TSX Canadian Dividend Aristocrats® Index, effective after the close of trading today, Friday, December 20, 2013. Standard and Poor's Dow Jones Canadian Index Services announced this addition on December 13, 2013, following their annual review of the S&P/TSX Canadian Dividend Aristocrats® Index.
"High Liner Foods has experienced significant growth over the last several years, allowing us to consistently increase our dividend since 2007," said Henry Demone, CEO. "Inclusion in this index recognizes our commitment to creating incremental value for our shareholders and should increase our exposure to a broader range of potential investors."
The S&P/TSX Canadian Dividend Aristocrats® Index is designed to measure the performance of S&P Broad Market Index (BMI) Canada constituents which have followed a managed-dividends policy of consistently increasing dividends. Criteria for addition to this index include the security has increased ordinary cash dividends every year for five years, but can maintain the same dividend for a maximum of two consecutive years within that five year period. Additional information of the S&P/TSX Canadian Dividend Aristocrats® Index can be found at www.spindices.com.
About High Liner Foods Incorporated
High Liner Foods is the leading North American processor and marketer of value-added frozen seafood. Our retail branded products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Mirabel and Sea Cuisine labels, and are available in most grocery and club stores. We also sell branded products under the High Liner, Icelandic Seafood, FPI, Viking, Mirabel, Samband of Iceland and American Pride Seafoods labels to restaurants and institutions, and we are the major supplier of private label value-added frozen seafood products to North American food retailers and food service distributors.
This document contains forward-looking statements. Forward-looking statements can generally be identified by the use of the conditional tense, the words "will", "would", "should", or the negative of these terms or variations of them or words and expressions of similar nature. Specific forward-looking statements in this document include, but are not limited to expectations with respect to: being added to the S&P/TSX Canadian Dividend Aristocrats® Index; and the increase in exposure to a broader range of potential investors of High Liner Foods stock. The statements are not a guarantee of future performance. By their nature, forward-looking statements involve uncertainties and risks that the forecasts and targets will not be achieved. Readers are cautioned not to place undue reliance on forward-looking statements, as actual results may differ materially from those expressed in such forward-looking statements. We include in publicly available documents filed from time to time with securities commissions and The Toronto Stock Exchange, a discussion of the risk factors that can cause anticipated outcomes to differ from actual outcomes. Except as required under applicable securities legislation, we do not undertake to update forward-looking statements, whether written or oral, that may be made from time to time by us or on our behalf, whether as a result of new information, future events or otherwise.
SOURCE: High Liner Foods Incorporated
For further information:
K.L. Nelson, FCA
Executive Vice President & Chief Financial Officer
High Liner Foods Incorporated
Tel: (902) 634-6200
Heather Keeler-Hurshman, CA
Director, Investor Relations
High Liner Foods Incorporated
Tel: (902) 421-7100