It has been announced by the board of North West Terminal Ltd. of Unity that shareholders are receiving a dividend of $0.15 per share.
This dividend goes to all its Class A and B shareholders, of which there are 3,277,915 outstanding Class A and B shares combined.
In addition, Class A shareholders also receive a $0.33 per share preferential dividend, with a totalof just over $506,500 returned to shareholders.
NWT Ltd. also states in its news release that April 15 is set as the date of record for all holders of Class A and B shares; dividend cheques will be mailed in May, 2021.
The company's original shares were issued at a price of $3.33 per share in 1995; additional shares were issued in 2000 at $3.67 per share and in 2007 at $5.63 per share.
“The Board of Directors is pleased to be paying a dividend to shareholders - especially during these challenging times created by the pandemic,” says NWT’s President Brad Sperle in a statement. “This announcement marks the first dividend payout under our new dividend policy and reflects the Board’s philosophy to pay shareholders regular dividends. The new dividend policy is intended to strike a balance by returning money to shareholders annually while ensuring that the Company has sufficient resources to maintain and grow its operations,” said Sperle who farms near Unity, Saskatchewan.
NWT is an independent farmer-shareholder owned company which owns and operates an inland-grain terminal and value-added production facility outside Unity. They are also minority owners of Alliance Seed Corp. in Winnipeg and Alliance Grain Terminal Ltd. in Vancouver.
