TORONTO, Jan. 28, 2015 /PRNewswire/ - Exco Technologies Limited (TSX-XTC) today announced a quarterly cash dividend of $0.06 per share to be paid March 27, 2015 to shareholders of record on March 13, 2015. This dividend represents a 20% increase. The dividend is an "eligible dividend" in accordance with the Income Tax Act of Canada.
Brian Robbins, CEO of Exco said "strong business fundamentals continue to support our financial performance. In light of this and after having reviewed Exco's capital needs over the balance of the year and its liquidity position, I am pleased to announce this dividend increase". This is the sixth increase in five years over which the dividend increased 200%.
Exco Technologies Limited is a global supplier of innovative technologies servicing the die-cast, extrusion and automotive industries. Through our 18 strategic locations in 10 countries, we employ 5,081 people and service a diverse and broad customer base.
SOURCE Exco Technologies Limited