Urbana Corporation Increases Dividend By 12.5% Declaration of Dividend
GlobeNewswire - Mon Jan 4, 1:40PM CST
Urbana Corporation ("Urbana" or the "Corporation") (TSX and CSE: URB, URB.A) announces that today its Board of Directors has declared a dividend of nine cents ($0.09) per share (the "2021 Dividend"), on the issued and outstanding Common and non-voting Class A shares of Urbana. The 2021 Dividend represents a 12.5% increase from the dividend ($0.08 per share) the Corporation paid in 2020. This represents Urbana's third dividend increase since 2017.
The dividend is payable on the 29 day of January, 2021 to the Shareholders of record at the close of business on the 15 day of January, 2021. The ex-dividend date is the 14 day of January, 2021.
Eligible Dividend Designation - pursuant to subsection 89(14) of the Income Tax Act of Canada (ITA) each dividend paid by Urbana qualifies as and is designated an eligible dividend for Canadian income tax purposes, as defined in subsection 89(1) of the ITA.
For a copy of Urbana's current dividend policy, please visit www.urbanacorp.com.
On behalf of Urbana's Board of Directors
Thomas S. Caldwell, C.M.