CALGARY, Alberta, March 15, 2019 (GLOBE NEWSWIRE) — Badger Daylighting Ltd. (“Badger”) is pleased to announce its March 2019 cash dividend.
March 2019 Cash Dividend
Badger today announced that the directors of Badger declared a cash dividend for the month of March 2019 of $0.0475 per share, which equates to $0.57 per share on an annualized basis. Payment will be made on or about April 15, 2019 to shareholders of record on March 31, 2019.
Badger expects that the dividend will be an “eligible dividend” for Canadian income tax purposes and thus qualify for the enhanced gross-up and tax credit regime for certain shareholders.
About Badger Daylighting Ltd.
Badger Daylighting Ltd. (TSX:BAD) is North America’s largest provider of non-destructive excavating services. Badger traditionally works for contractors and facility owners in a broad range of infrastructure industries. The Company’s key technology is the Badger Hydrovac, which is used primarily for safe digging in congested grounds and challenging conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. Badger manufactures its truck-mounted hydrovac units.
For further information:
Paul Vanderberg, President and CEO
Gerald Schiefelbein, Vice President, Finance and CFO
Jay Bachman, Vice President, Financial Operations and Investor Relations
Badger Corporate Office
ATCO Centre Ⅱ
Suite 400, 919 – 11th Avenue SW
Calgary, Alberta T2R 1P3
Telephone (403) 264-8500
Fax (403) 228-9773
Source: Badger Daylighting Ltd.