UNITY — The board of directors of North West Terminal Ltd. has announced a $0.50 per share dividend to shareholders from 2014 operations.
According to a press release the company currently has 3,277,915 outstanding Class A and B shares combined. In addition to the $0.50 per share dividend to all Class A and B shareholders, Class A shareholders will also receive a $0.33 per share preferential dividend. Overall, a total of $1,653,807 will be returned back to shareholders.
NWT's original shares were issued at a price of $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. Feb. 2, 2015 is set as the date of record for all holders of Class A and B shares.
Dividend cheques are expected to be mailed out around Feb. 15, the release states.
"We are very pleased to be paying a dividend to the shareholder again this year," says NWT president, John Leier.
"This announcement marks the fifth year in a row that NWT has paid a dividend and reflects the board's philosophy that we pay shareholders regular dividends."
