BURNABY, BC, Jan. 11, 2013 /CNW/ - Taiga Building Products Ltd. (TSX: TBL & TBL.NT) ("Taiga" or, the "Company") is pleased to announce the resumption of dividends on Taiga's common shares pursuant to its dividend policy.
In light of improved markets for the company's products, the Company's board of directors has declared a dividend of $0.0287 per common share. This amount represents the total annual dividend payable of 25% of net earnings in respect of the fiscal year ended March 31, 2012. The dividend will be payable on January 29, 2013 to shareholders of record as of January 22, 2013.
Please refer to the Company's latest Annual Report and Annual Information Form for details regarding the Company's dividend policy.
SOURCE: Taiga Building Products Ltd.
For further information:
Chief Financial Officer & Vice President, Finance and Administration
Manager, Corporate Planning