EDMONTON, Jan. 31, 2013 /CNW/ - Imperial Equities Inc. (TSX-V:IEI) through its Board of Directors declared the first ever quarterly dividend of $0.025 per share payable on February 28, 2013 to shareholders of record on February 13, 2013. The ex-dividend date has been set for February 11, 2013.
Net income for the year ended September 30, 2012 was $8.8 million or $0.94 per share on revenue of $55 million. The revenues were generated from both segments of Imperial Equities being real estate and pharmaceutical distribution. Income also includes $8 million of fair value gains from the real estate, primarily as a result of new buildings being completed and rising lease rates on existing properties.
"The Board of Directors of Imperial Equities has long awaited the opportunity to pay dividends to its loyal shareholder base. They have always maintained that wealth creation and a solid foundation shall be the Company's main objective. The financial results of fiscal 2012 have clearly demonstrated that achievement and the Board is pleased to announce the first quarterly dividend payable to its shareholders." said Sine Chadi, President and CEO of Imperial Equities.
About Imperial Equities Inc.:
Imperial Equities Inc. Is based in Edmonton, Alberta. A diversified company anchored by commercial and industrial real estate properties in its targeted Edmonton and Alberta markets. Imperial also distributes pharmaceutical products to the institutional and retail customers through its wholly owned subsidiary, Imperial Distributors Canada Inc. Additional information is available at: www.imperialequities.com
Imperial's common shares are listed on the TSX Venture Exchange under symbol IEI.
Neither TSX Venture nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Imperial Equities Inc.
For further information:
Sine Chadi, CEO
Imperial Equities Inc.
Phone: 780 424-7227