GreenStar Announces Q1 Dividend of $0.015 Per Share: 50% Increase Over Dividend Rate During 2013
04 Mars 2014 - 3:00PM
Marketwired
GreenStar Announces Q1 Dividend of $0.015 Per Share: 50% Increase
Over Dividend Rate During 2013
TORONTO, ONTARIO--(Marketwired - Mar 4, 2014) - GreenStar
Agricultural Corporation (TSX-VENTURE:GRE) ("GreenStar" or the
"Company"), a processer of agricultural products such as canned
fruits and vegetables for distribution to international and
domestic markets, today announced a dividend of C$0.015 per common
share with respect to the first quarter of 2014 which is a 50%
increase over the dividend rate paid by the Company during 2013.
The dividend record date is March 31, 2014 and the dividend payment
date is April 30, 2014. The dividend will be payable in Canadian
dollars or, at GreenStar's option, in Chinese Renminbi equivalent
for shareholders resident in China based on the Bank of Canada noon
rate on the third business day prior to the payable date.
The dividend payable on April 30, 2014 will be the fifth
consecutive quarterly dividend paid by GreenStar and the first at
the increased quarterly rate of $0.015 per share ($0.06
annualized), which is a 50% increase over the dividend rate paid by
the Company during 2013.
Dividend Details:
• |
Dividend Per Common Share: |
C$0.015 |
• |
Ex-Dividend Date: |
March
26, 2014 |
• |
Record Date: |
March
31, 2014 |
• |
Payable Date: |
April
30, 2014 |
For Canadian resident shareholders, dividends declared are
considered as "eligible dividends" for purposes of the dividend tax
credit rules contained in the Income Tax Act (Canada).
About GreenStar
GreenStar operates two main divisions, agricultural and food
processing. The agricultural division is involved in the
cultivation and harvesting of agricultural products such as fresh
fruit and vegetables, for sale either directly as fresh fruit and
vegetables or canned, and sold overseas and domestically. The food
processing division is primarily involved in the processing of
canned food, which includes canned tomato paste, canned boiled
bamboo shoots, canned oranges, canned peaches and various other
types of fruits and vegetables.
GreenStar has been operating for over 19 years. Through the
application of science and technology in production, quality
control and assurance, and business operations and management,
GreenStar has focused on maintaining product and reputational
excellence with a high standard of food quality. Key assets include
a well established management team, modern production facilities,
and a close partnership with local farmers.
GreenStar Agricultural Corp. is listed on the TSX Venture
Exchange under the symbol "GRE".
For further information on GreenStar please visit our web site
at www.greenstaragricultural.com.
Neither the TSX Venture Exchange nor its Regulation services
provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Caution Regarding Forward-Looking Information:
Certain statements in this press release may constitute
''forward looking'' statements which involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by such forward looking
statements. When used in this press release, such statements may
use such words as ''may'', ''will'', ''expect'', ''believe'',
''plan'' and other similar terminology. These statements reflect
management's current expectations regarding future events and
operating performance and speak only as of the date of this press
release. Forward looking information in this press release includes
managements plan to pay dividend and the expected record date and
payable date for the dividend and payment method of dividend. These
forward looking statements involve a number of risks and
uncertainties. Some of the factors that could cause actual results
to differ materially from those expressed in or underlying such
forward looking statements are the effects of, as well as changes
in: international, national and local business and economic
conditions; political or economic instability in the Company's
markets; competition; legislation and governmental regulation; and
accounting policies and practices. The foregoing list of factors is
not exhaustive. Please see the Company's annual MD&A dated
April 25, 2013, available on www.sedar.com, for a more detailed
description of the risk factors. The Company undertakes no
obligation to update publicly or revise any forward looking
information, whether a result of new information, future results or
otherwise, except as required by law.
GreenStar Agricultural CorporationRobert Macdonald(416) 849
3858rgam36@gmail.comwww.greenstaragricultural.comInvestor Cubed
Inc.(647) 258-3311, (888) 258-3323info@investor3.ca
Greenstar Agricultural Corp (TSXV:GRE)
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