North West Terminal Ltd. has announced a 22 cent per share dividend to shareholders from business conducted in 2011.
In addition to the 22 cent dividend to Class A and B shareholders, Class A shareholders will also receive a 33 cent per share preferential dividend.
NWT currently has 3,277,915 outstanding Class A and B shares combined. A total of $735,911 will be returned to shareholders.
Dividend cheques are expected to be mailed out in the first two weeks of March.
"We are very pleased to be able to pay a dividend to the shareholder again this year," says NWT President Jim Skinner. "The company is coming off a successful year for both its grain handling and bio-fuels operations.
"As I stated in the past, it is the board's philosophy that we continue paying shareholders regular dividends when profits allow."
NWT's original shares were issued at $3.33 per share in 1995. The company issued additional shares in 2000 at $3.67 per share and in 2007 at $5.63 per share.
