UPDATE -- Superior Plus Announces January 2018 Cash Dividend and Upcoming Events
10 Janvier 2018 - 7:38PM
January 2018 Cash Dividend - $0.06 per shareSuperior Plus Corp.
(“Superior”) (TSX:SPB) today announced its cash dividend for
the month of January 2018 of $0.06 per share payable on February
15, 2018. The record date is January 31, 2018 and the ex-dividend
date will be January 30, 2018. Superior’s annualized cash dividend
rate is currently $0.72 per share. This dividend is an eligible
dividend for Canadian income tax purposes.
A summary of Superior’s dividends paid for the
year 2017 is detailed below. These dividends are considered to be
an eligible dividend for Canadian income tax purposes.
Record Date |
Payment Date |
Dividend |
November 30, 2017 |
December 15, 2017 |
$0.06 |
October 31, 2017 |
November 15, 2017 |
$0.06 |
September 30, 2017 |
October 13, 2017 |
$0.06 |
August 31, 2017 |
September 15, 2017 |
$0.06 |
July 31, 2017 |
August 15, 2017 |
$0.06 |
June 30, 2017 |
July 14, 2017 |
$0.06 |
May 31, 2017 |
June 15, 2017 |
$0.06 |
April 30, 2017 |
May 15, 2017 |
$0.06 |
March 31, 2017 |
April 13, 2017 |
$0.06 |
February 28, 2017 |
March 15, 2017 |
$0.06 |
January 31, 2017 |
February 15, 2017 |
$0.06 |
December 31, 2016 |
January 13, 2017 |
$0.06 |
|
2017 Total |
$0.72 |
Upcoming Investor ConferencesSuperior will be presenting at the
AltaCorp Capital Institutional Investor Conference in Toronto,
Ontario on Wednesday, January 10, 2018 and at the CIBC Whistler
Investor Conference in Whistler, British Columbia on Thursday,
January 25, 2018. A copy of presentation materials to be used by
Superior will be posted to Superior's website on the date of the
related presentation under the Presentations section of Superior's
website.
2017 Fourth Quarter and Year-End Results and Conference
CallSuperior expects to release its 2017 fourth quarter and
year-end results on Wednesday, February 14, 2018 after market
close. A conference call and webcast for investors, analysts,
brokers and media representatives to discuss the 2017 Fourth
Quarter and Year-End Results is scheduled for 10:30 a.m. EST on
Thursday, February 15, 2018. To participate in the call,
dial: 1-844-389-8661. Internet users can listen to the call live,
or as an archived call, on Superior's website at:
www.superiorplus.com under the Events section.
About the CorporationSuperior consists of two
primary operating businesses: Energy Distribution includes the
distribution of propane and distillates, and supply portfolio
management; and Specialty Chemicals includes the manufacture and
sale of specialty chemicals.
For further information about Superior, please
visit our website at: www.superiorplus.com or contact: Beth
Summers, Executive Vice President and Chief Financial Officer, Tel:
(416) 340-6015, or Rob Dorran, Vice President, Investor Relations
and Treasurer, Tel: (416) 340-6003, E-mail:
investor-relations@superiorplus.com, Toll Free: 1-866-490-PLUS
(7587).
Forward Looking InformationThis
news release contains certain forward-looking information and
statements that are based on Superior’s current expectations,
estimates, projections and assumptions in light of its experience
and its perception of historical trends. In this news release, such
forward-looking information and statements can be identified by
terminology such as "to be", "expects", "annualized", and similar
expressions.
In particular, this news release contains
forward-looking statements and information relating to: future
dividends which may be declared on Superior’s common shares, the
dividend payment, the tax treatment thereof, and the receipt of
cash dividends. These forward-looking statements are being made by
Superior based on certain assumptions that Superior has made in
respect thereof as at the date of this news release, regarding,
among other things: the success of Superior’s operations;
prevailing commodity prices, margins, volumes and exchange rates;
that Superior’s future results of operations will be consistent
with past performance and management expectations in relation
thereto; the continued availability of capital at attractive prices
to fund future capital requirements; future operating costs; that
any required commercial agreements can be reached; that all
required regulatory and environmental approvals can be obtained on
the necessary terms in a timely manner. These forward-looking
statements are not guarantees of future performance and are subject
to a number of known and unknown risks and uncertainties,
including, but not limited to: the regulatory environment and
decisions; non-performance of agreements in accordance with their
terms; the impact of competitive entities and pricing; reliance on
key industry partners and agreements; actions by governmental or
regulatory authorities including changes in tax laws and treatment,
or increased environmental regulation; adverse general economic and
market conditions in Canada, North America and elsewhere;
fluctuations in operating results; labour and material shortages;
and certain other risks detailed from time to time in Superior’s
public disclosure documents including, among other things, those
detailed under the heading "Risk Factors" in Superior’s
management's discussion and analysis and annual information form
for the year ended December 31, 2016, which can be found at
www.sedar.com.
Accordingly, readers are cautioned that events
or circumstances could cause results to differ materially from
those predicted, forecasted or projected. Such forward-looking
statements are expressly qualified by the above statements.
Superior does not undertake any obligation to publicly update or
revise any forward looking statements or information contained
herein, except as required by applicable laws.
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