By Calgary, Alberta - Badger Daylighting Ltd. ("Badger") today announced that the directors of Badger declared a cash dividend for the month of January of $0.085 per share, representing $1.02 per share on an annualized basis. Payment will be made on or about February 15, 2012 to shareholders of record on January 31, 2012.
Badger expects that the dividends will be "eligible dividends" for income tax purposes and thus qualify for the enhanced gross-up and tax credit regime for certain shareholders.
Badger is North America's largest provider of non-destructive
excavating services. Badger traditionally works for
contractors and facility owners in the utility and petroleum
industries. Our 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.
Badger's business model involves the provision of excavating
services through two distinct entities: the Operating
Partners (franchisees in the United States and agents in
Canada), and Badger Corporate. Badger Corporate works with
its Operating Partners to provide Hydrovac service to the end
user. In this partnership, Badger provides the expertise, the
trucks, and North American marketing and administration
support. The Operating Partners deliver the service by
operating the equipment and developing their local markets.
All work is invoiced by Badger and then shared with the
Operating Partner based upon a revenue sharing formula. In
certain locations Badger has established corporate run
operations to market and deliver the service in the local
area.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.
For more information regarding this Press Release, please contact: Tor Wilson Greg Kelly, CAPresident and CEO Vice President Finance and CFO
1000, 635 - 8th Avenue SW Phone (403) 264-8500 Calgary, Alberta T2P 3M3 Fax (403) 228-9773| distribué par | Ce noodl a été diffusé par Badger Daylighting Ltd. et initialement mise en ligne sur le site http://www.badgerinc.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-16 23:30:45 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
| Documents associés | |
| January 16, 2012 Badger Daylighting Ltd. January cash dividend |
