Trimac increases dividend by 12%
CALGARY, July 31, 2012 /PRNewswire/ - Trimac Transportation Ltd. ("Trimac") (TSX: TMA) announced today that its Board of Directors has approved a 12% increase to its quarterly cash dividend, increasing the dividend to $0.07 per Class A Share up from $0.0625. The increased cash dividend will be payable on October 15, 2012, to shareholders of record as at the close of business on September 28, 2012.
In commenting on the increase to the dividend, Jeffrey J. McCaig, Chairman and Chief Executive Officer of Trimac stated, "The increase in the dividend supports Trimac's objective of increasing shareholder value by offering an attractive dividend yield while maintaining a healthy balance sheet that continues to improve as the Company increases investment in accretive growth opportunities."
About Trimac: Trimac is Canada's largest provider of bulk trucking services with operations from coast to coast. In addition, through its National Tank Services division, Trimac performs repairs, maintenance and tank-trailer cleaning services for both the Trimac fleet and for third party commercial customers. Trimac also provides third party transportation logistics services in Canada and the United States through its wholly owned subsidiary Bulk Plus Logistics.
SOURCE Trimac Transportation Ltd.