DE:CC - Decisive Dividend Corporation Announces Monthly Dividend Increase
(TheNewswire)
April 6, 2022 – TheNewswire - Kelowna, British Columbia: Decisive Dividend Corporation (TSXV:DE) (the “ Corporation ” or “ Decisive ”) ispleased to announce an increase in its monthly dividend to $0.03 percommon share effective May 2022. The increased monthly dividendrepresents annualized dividends of $0.36 per common share, up 20% fromthe previous level set at $0.30 per common share on an annualizedbasis. This increase returns the Corporation’s dividend topre-pandemic levels and is consistent with Decisive’s objective ofproviding shareholders with long-term,sustainable, and growing dividends.
Jeff Schellenberg, Chief Executive Officer of Decisive,noted:
“We are very pleased that we arein a position to return the monthly dividend to pre-pandemic levels.Our ability to do so is premised on the strength of our Q4 2021operating results as well as the 2022 demand trends we are witnessingacross our portfolio ofbusinesses. Over the past year, we have made tremendous progresstoward stabilizing the overall performance of the Corporation and believe the $0.03 per commonshare monthly dividend reflects our commitment to provide sustainableand growing dividends to our shareholders.”
The $0.03 per common share dividend declared by thedirectors of the Corporation for the month of May 2022 is payable onMay 13, 2022, to the shareholders of record at the close of businesson April 29, 2022.
Eligible shareholders have the opportunity to reinvestdividends in accordance with the Corporation’s dividend reinvestmentand cash purchase plan (the “DRIP”). Additional details areavailable under the investors section of the Corporation’s website www.decisivedividend.com .
This dividend is designated as an “eligible”dividend under the Income TaxAct (Canada) and any corresponding provinciallegislation (“Tax Legislation”).
About Decisive DividendCorporation
Decisive Dividend Corporation is anacquisition-oriented company, focused on opportunities inmanufacturing. The Corporation’s purpose is to be the sought-outchoice for exiting legacy-minded business owners, while supporting thelong-term success of the businesses acquired, and through that,creating sustainable and growing shareholder returns. The Corporationuses a disciplined acquisition strategy to identify alreadyprofitable, well- established , high qualitymanufacturing companies that have a sustainable competitive advantage, a focus onnon-discretionary products, steady cash flows,growth potential and established, strong leadership.
For more information on Decisive, or to sign up foremail notifications of Corporation press releases, please visit www.decisivedividend.com .
FOR FURTHER INFORMATION PLEASE CONTACT:
Jeff Schellenberg, Chief Executive Officer
Rick Torriero, Chief Financial Officer
#201, 1674 Bertram Street
Kelowna, BC V1Y 9G4
Telephone: (250) 870-9146
CautionaryStatements
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of the contents of this News Release.
This press release containsforward-looking statements. These statements relate to the monthlydividend policy adopted by the directors of the Corporation. Thedeclaration and payment of dividends are subject to a number of risks,uncertainties and assumptions, including without limitation thefinancial performance and condition of the Corporation, thesatisfaction of covenants under the Corporation's credit facility andsolvency tests under applicable corporate law. There can be noassurance that the directors of the Corporation will declare or payany dividends in the future or, if dividends are declared and paid,there can be no assurance asto the frequency or amount of such dividends. The forward-lookingstatements contained in this press release are made as of the datehereof and the Corporation is not obligated to update or revise anyforward-looking statements, whether as a result of new information,future events or otherwise, except as required by applicablesecurities laws. Because of the risks, uncertainties and assumptionscontained herein, investors should not place undue reliance onforward-looking information.
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