North West Terminal Ltd. has announced a 40 cent per share dividend on 2011-12 operations.
The company currently has 3,277,915 outstanding Class A and B shares combined. In addition to dividend to all Class A and B shareholders, Class A shareholders will also receive a 33 cent per share preferential dividend. Overall, a total of $1,326,016 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. 5, 2013 will be set as the date of record for all holders of Class A and B shares. Dividend cheques are expected to be mailed out in the first two weeks of March.
"We are very pleased to be paying a dividend to the shareholders again this year," says NWT president, John Leier. "It continues to be the board's philosophy that we pay shareholders regular dividends whenever profits allow."
