Le Lézard
Classified in: Oil industry, Business
Subject: DIVIDENDS

Superior Plus Announces December 2017 Cash Dividend



TORONTO, ONTARIO--(Marketwired - Dec. 7, 2017) -

December 2017 Cash Dividend - $0.06 per share

Superior Plus Corp. ("Superior") (TSX:SPB) today announced its cash dividend for the month of December 2017 of $0.06 per share payable on January 15, 2018. The record date is December 31, 2017 and the ex-dividend date will be December 28, 2017. Superior's annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.

About the Corporation

Superior 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.

Forward Looking Information

This 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.


These press releases may also interest you

at 00:27
If you buy and sell second-hand items, you can put almost $2,000 in your pocket over the course of a year (actual total $1,959), according to Kijiji's fourth annual Second-Hand Economy Index. That's more than the average annual pay...

at 00:01
Steward Health Care System LLC (Steward.org) today finalized a public-private partnership to deliver exceptional health care to the people of Malta. Steward, which is physician-led and the largest private hospital operator in the United States, is...

19 fév 2018
MDL has announced they have achieved their hard cap for the pre-sale and the ITO is planned for March 10, 2018 with a hardcap of $20 million. MDL Talent Hub, the trustchain for the talent sourcing industry, has achieved its pre-sale hard cap and is...

19 fév 2018
Profit before income tax expense was $895m for the year ended 31 December 2017, an increase of $180m, or 25%, compared with 2016. Profit before income tax expense was $206m for the fourth quarter of 2017, a decrease of $45m, or 18%, compared with the...

19 fév 2018
Slate Retail REIT (the "REIT"), an owner of U.S. grocery-anchored real estate, today announced its financial results for the three and twelve months ended December 31, 2017. Senior management will host a conference call at 9:00 a.m. ET on Tuesday,...

19 fév 2018
Rusoro Mining Ltd. (the "Company" or "Rusoro") reports that further to its news release dated January 16, 2018, the US$7M in financing is being provided in return for a portion of any settlement the Company may receive from its arbitration award...




News published on 7 december 2017 at 16:03 and distributed by: