EDMONTON, March 10, 2014 /CNW/ - Imperial Equities Inc. (TSX-V:IEI) through its Board of Directors declared its Q1, 2014 quarterly dividend of $0.025 per share payable on March 31, 2014 to shareholders of record on March 17, 2014. The ex-dividend date has been set for March 15, 2014.
Net income for Q1, 2014 was $1,378,405 or $0.14 per share on revenue of $17,855,923. The revenues were generated from both segments of Imperial Equities being real estate and pharmaceutical distribution.
"The Board of Directors of Imperial Equities is pleased to reward its loyal shareholder base with this Q1 dividend", said Sine Chadi, President and CEO of Imperial Equities.
This dividend is an eligible dividend for the purposes of the income tax act.
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.