(TheNewswire)
G uelph , O N - TheNewswire - March 7, 2023- Hammond Manufacturing Company Limited (HMCL) (TSX:HMM.A) today announced that HMCL’s Board of Directorshas declared a dividend of $0.03 per Class A Subordinate Voting Shareand $0.03 per Class B Common share (not listed on the TSX) payableApril 6, 2023, to shareholders of record at the close of business onMarch 16, 2023.
The board has not adopted a formal dividend policy, andno decision has been made with respect to the declaration of anyfuture dividend.
Important Income Tax Information forCanadian Resident Shareholders
HMCL designates the entire amount of this dividend tobe an “eligible dividend”, as defined in subsection 89(1) of theIncome Tax Act (Canada), as amended from time to time. This noticemeets the requirement of the Income Tax Act (Canada). Please contactyour tax advisor if you have any questions with regard to thedesignation of the eligible dividend.
About Hammond Manufacturing CompanyLimited
Hammond Manufacturing Company Limited manufactures abroad range of products for the electronic and electrical productsindustry, including metallic and non-metallic enclosures, racks, smallcases, outlet strips, surge suppressors and electronictransformers.
For information, contact:
Hammond Manufacturing Company Limited
Robert F. Hammond, Chairman and CEO
Tel. (519) 822-2960
Fax. (519) 822-7289
Email: ir@hammfg.com
Copyright (c) 2023 TheNewswire - All rights reserved.