Cargojet increases quarterly dividend by over 10%

posted on 14th March 2018 by Jordan Newton
Cargojet increases quarterly dividend by over 10%

The Board of Directors of Cargojet Inc. has declared a cash dividend of $0.2120 per common voting share and variable voting share for the period from January 1, 2018 to March 31, 2018, an increase of $0.0195 or 10.1% per share from the previous quarter.

“This increase is a result of our recent strong financial results, while we continue to maintain sufficient financial resources and meeting shareholder expectations”, said Ajay K. Virmani, President and C.E.O.

The dividends will be paid to all shareholders of record as at the close of business on March 21, 2018 and will be payable on or before April 5, 2018. These dividends will be eligible dividends within the meaning of the Income Tax Act (Canada).