- Special cash dividend of $0.20 per share payable on March 25,
2025 to shareholders of record on March 12, 2025
- Initial regular quarterly dividend of $0.025 per share payable
on April 4, 2025 to shareholders of record on March 21, 2025
DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF)
(“DCM” or the "Company"), a leading Canadian provider of print and
digital solutions that help simplify complex marketing
communications and workflow, today announced that its Board of
Directors (the “Board”) has declared a special dividend to
shareholders and approved the commencement of a regular quarterly
dividend program.
“The Board’s approval of this dividend program reflects our
commitment to enhancing shareholder returns and underscores our
confidence in DCM’s growth potential and free cash flow1
generation capabilities moving forward, following the accelerated
integration of the Moore Canada Corporation business into DCM,”
said J.R. Kingsley Ward, Chair of the Board.
Special Dividend
The Board has approved the declaration of a special cash
dividend of $0.20 per common share to be paid on March 25, 2025 to
shareholders of record on March 12, 2025. Approximately $0.10 of
the special dividend is designated as an eligible dividend and
$0.10 is designated as an ineligible dividend for Canadian income
tax purposes.
Regular Dividend Program
The Board has also initiated a recurring, quarterly dividend
program. In connection with the new dividend program, the Board has
approved an initial quarterly dividend of $0.025 per common share
to be paid on April 4, 2025 to shareholders of record as of March
21, 2025. The initial quarterly dividend will be designated as an
eligible dividend for Canadian income tax purposes. The Board
currently intends to review its dividend policy on an annual
basis.
With these announcements, DCM has committed an initial $12.4
million to distribute to shareholders.
This dividend program is made possible by the Company’s
significantly improved financial leverage subsequent to the
acquisition and accelerated integration of Moore Capital
Corporation and higher levels of free cash flow expected to be
generated in 2025 and in the future.
_____________________ 1 Free cash flow is a non-IFRS
Accounting Standards financial measure we use to monitor the
availability of discretionary cash as part of our capital
management. For a reconciliation of free cash flow to its most
comparable IFRS Accounting Standards measure, total cash generated
from operating activities, see “Non-IFRS Accounting Standards
Measures and other Financial Measures” below.
About DATA Communications Management Corp.
DCM is a leading Canadian tech-enabled provider of print and
digital solutions that help simplify complex marketing
communications and operations workflow. DCM serves over 2,500
clients including 70 of the 100 largest Canadian corporations and
leading government agencies. Our core strength lies in delivering
individualized services to our clients that simplify their
communications, including customized printing, highly personalized
marketing communications, campaign management, digital signage, and
digital asset management. From omnichannel marketing campaigns to
large-scale print and digital workflows, our goal is to make
complex tasks surprisingly simple, allowing our clients to focus on
what they do best.
Additional information relating to DCM is available on
www.datacm.com, and in the disclosure documents filed by DCM on
SEDAR+ at www.sedarplus.ca.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release constitute
“forward-looking” statements that involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance, objectives or achievements of DCM, or industry
results, to be materially different from any future results,
performance, objectives or achievements expressed or implied by
such forward-looking statements. When used in this press release,
words such as “may,” “would,” “could,” “will,” “expect,”
“anticipate,” “estimate,” “believe,” “intend,” “plan,” and other
similar expressions are intended to identify forward-looking
statements. These statements reflect DCM’s current views regarding
future events and operating performance, are based on information
currently available to DCM, and speak only as of the date of this
press release.
These forward-looking statements involve a number of risks,
uncertainties, and assumptions. They should not be read as
guarantees of future performance or results and will not
necessarily be accurate indications of whether or not such
performance or results will be achieved. Many factors could cause
the actual results, performance, objectives, or achievements of DCM
to be materially different from any future results, performance,
objectives, or achievements that may be expressed or implied by
such forward-looking statements. We caution readers of this press
release not to place undue reliance on our forward-looking
statements since a number of factors could cause actual future
results, conditions, actions, or events to differ materially from
the targets, expectations, estimates, or intentions expressed in
these forward-looking statements.
The principal factors, assumptions and risks that DCM made or
took into account in the preparation of these forward-looking
statements and which could cause our actual results and financial
condition to differ materially from those indicated in the
forward-looking statements are described in further detail in our
most recent annual and interim Management Discussion and Analysis
filed (“MD&A”) on SEDAR+, and include but are not limited to
the following: industry conditions are influenced by numerous
factors over which the Company has no control, including: declines
in print consumption; the impact of tariffs and responses thereto
(including by governments, trade partners and customers), which may
include, without limitation, retaliatory tariffs, export taxes,
restrictions on exports to the U.S. or other measures, and the
effect of governmental regulations and policies in general; our
ability to achieve and meet our revenue, profitability, free cash
flow and debt reduction targets for 2025 and in the future; while
we have received consents from our lenders for the declaration and
payment of the special dividend and regular recurring dividend,
including the exclusion of the special dividend from our fixed
charge coverage ratios, our financial leverage may increase, and
there is no guarantee that we will pay such dividends in the
future; and, our ability to comply with our financial and other
covenants under our credit facilities, which may preclude us from
paying future dividends if our outlook and future financial
liquidity changes.
Additional factors are discussed elsewhere in this press release
and under the headings "Liquidity and capital resources" and “Risks
and Uncertainties” in DCM’s Management Discussion and Analysis and
in DCM’s other publicly available disclosure documents, as filed by
DCM on SEDAR+.
Should one or more of these risks or uncertainties materialize,
or should assumptions underlying the forward-looking statements
prove incorrect, actual results may vary materially from those
described in this press release as intended, planned, anticipated,
believed, estimated, or expected. Unless required by applicable
securities law, DCM does not intend and does not assume any
obligation to update these forward-looking statements, whether as a
result of new information, future events or results or other
factors.
NON-IFRS ACCOUNTING STANDARDS MEASURES AND OTHER FINANCIAL
MEASURES
This press release includes certain non-IFRS Accounting
Standards measures, ratios, and other financial measures as
supplementary information. This supplementary information does not
represent earnings measures recognized by IFRS Accounting Standards
and does not have any standardized meanings prescribed by IFRS
Accounting Standards. Therefore, these non-IFRS Accounting
Standards measures, ratios and other financial measures are
unlikely to be comparable to similar measures presented by other
issuers. Investors are cautioned that this supplementary
information should not be construed as alternatives to net income
(loss) determined in accordance with IFRS Accounting Standards as
an indicator of DCM’s performance.
Free cash flow is a non-IFRS Accounting Standards financial
measure we use to monitor the availability of discretionary cash as
part of our capital management. It is defined as total cash
generated from operating activities, less net capital expenditures
(comprised of purchase of property, plant and equipment (including
transfers from noncurrent assets), less proceeds on disposal of
property, plant and equipment, other than proceeds on sale and
leaseback of properties), less lease principal payments. A
reconciliation of free cash flow to its most comparable IFRS
Accounting Standards measure, total cash generated from operating
activities, is included in “Additional Reconciliations of Non-IFRS
Accounting Standards Financial Measures” in our most recent interim
MD&A filed on SEDAR+.
Definitions of other such supplementary information, together
with a reconciliation of net income (loss) to such supplementary
financial measures, can be found in our most recent annual and
interim MD&A and filed on SEDAR+ at www.sedarplus.ca.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250220035752/en/
Mr. Richard Kellam President and Chief Executive Officer DATA
Communications Management Corp. Tel: (905) 791-3151
Mr. James E. Lorimer Chief Financial Officer DATA Communications
Management Corp. Tel: (905) 791-3151 ir@datacm.com
Data Communications Mana... (TSX:DCM)
Graphique Historique de l'Action
De Jan 2025 à Fév 2025
Data Communications Mana... (TSX:DCM)
Graphique Historique de l'Action
De Fév 2024 à Fév 2025
