CALGARY, Alberta, Jan. 09, 2020 (GLOBE NEWSWIRE) -- ATCO Ltd. (TSX: ACO.X, ACO.Y)
The Board of Directors of ATCO Ltd. today declared a first quarter dividend of 43.52 cents per Class I non-voting (TSX:ACO.X) and Class II voting share (TSX:ACO.Y), a 7.5 per cent increase over the 40.48 cents paid in each of the four previous quarters. This common share dividend is payable March 31, 2020, to shareholders of record on March 5, 2020.
The Board of Directors of ATCO Ltd. has declared the following quarterly dividends:
| Shares | TSX Stock Symbol | Dividend Per Share ($) | Record Date (2020) | Payment Date (2020) |
| Class I Non-Voting | ACO.X | 0.43520 | 05-Mar | 31-Mar |
| Class II Voting | ACO.Y | 0.43520 | 05-Mar | 31-Mar |
With approximately 6,000 employees and assets of $23 billion, ATCO is a diversified global holding corporation with investments in Structures & Logistics (workforce housing, innovative modular facilities, construction, site support services, and logistics and operations management), Energy Infrastructure (electricity generation, transmission and distribution; natural gas transmission, distribution and infrastructure development; energy storage and industrial water solutions; and electricity and natural gas retail sales), Transportation (ports and transportation logistics) and Commercial Real Estate. More information can be found at www.ATCO.com.
Media & Investor Inquiries:
D.A. (Dennis) DeChamplain
Executive Vice President &
Chief Financial Officer
403-292-7502
Forward-Looking Information:
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information.
The Company’s actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company.
The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon.
Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
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