It has been announced by the board of North West Terminal Ltd. of Unity that shareholders are receiving a dividend of $0.15 per share.
This dividend goes to all its Class A and B shareholders, of which there are 3,277,915 outstanding Class A and B shares combined.
In addition, Class A shareholders also receive a $0.33 per share preferential dividend, with a totalof just over $506,500 returned to shareholders.
NWT Ltd. also states in its news release that April 15 is set as the date of record for all holders of Class A and B shares; dividend cheques will be mailed in May, 2021.
The company's original shares were issued at a price of $3.33 per share in 1995; additional shares were issued in 2000 at $3.67 per share and in 2007 at $5.63 per share.
鈥淭he Board of Directors is pleased to be paying a dividend to shareholders - especially during these challenging times created by the pandemic,鈥� says NWT鈥檚 President Brad Sperle in a statement. 鈥淭his announcement marks the first dividend payout under our new dividend policy and reflects the Board鈥檚 philosophy to pay shareholders regular dividends. The new dividend policy is intended to strike a balance by returning money to shareholders annually while ensuring that the Company has sufficient resources to maintain and grow its operations,鈥� said Sperle who farms near Unity, Saskatchewan.
NWT is an independent farmer-shareholder owned company which owns and operates an inland-grain terminal and value-added production facility outside Unity. They are also minority owners of Alliance Seed Corp. in Winnipeg and Alliance Grain Terminal Ltd. in Vancouver.
