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UPDATE -- Superior Plus Announces January 2018 Cash Dividend and Upcoming Events(January 10, 2018)
TORONTO, Jan. 10, 2018 (GLOBE NEWSWIRE) --
January 2018 Cash Dividend - $0.06 per share
Superior Plus Corp. (ďSuperiorĒ) (TSX:SPB)†today announced its cash dividend for the month of January 2018 of $0.06 per share payable on February 15, 2018. The record date is January 31, 2018 and the ex-dividend date will be January 30, 2018. Superiorís annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.
A summary of Superiorís dividends paid for the year 2017 is detailed below. These dividends are considered to be an eligible dividend for Canadian income tax purposes.
|Record Date||Payment Date||Dividend|
|November 30, 2017||December 15, 2017||$0.06|
|October 31, 2017||November 15, 2017||$0.06|
|September 30, 2017||October 13, 2017||$0.06|
|August 31, 2017||September 15, 2017||$0.06|
|July 31, 2017||August 15, 2017||$0.06|
|June 30, 2017||July 14, 2017||$0.06|
|May 31, 2017||June 15, 2017||$0.06|
|April 30, 2017||May 15, 2017||$0.06|
|March 31, 2017||April 13, 2017||$0.06|
|February 28, 2017||March 15, 2017||$0.06|
|January 31, 2017||February 15, 2017||$0.06|
|December 31, 2016||January 13, 2017||$0.06|
Upcoming Investor ConferencesSuperior will be presenting at the AltaCorp Capital Institutional Investor Conference in Toronto, Ontario on Wednesday, January 10, 2018 and at the CIBC Whistler Investor Conference in Whistler, British Columbia on Thursday, January 25, 2018. A copy of presentation materials to be used by Superior will be posted to Superior's website on the date of the related presentation under the Presentations section of Superior's website.
2017 Fourth Quarter and Year-End Results and Conference Call
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 or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: [email protected], Toll Free: 1-866-490-PLUS (7587).
Forward Looking Information
This news release contains certain forward-looking information and statements that are based on Superiorís 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 Superiorís 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 Superiorís operations; prevailing commodity prices, margins, volumes and exchange rates; that Superiorís 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 Superiorís public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superiorís 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.