TSX:FEC - Post Discussion
Post by
Betteryear2 on Feb 15, 2024 6:44pm
Quarterly Dividend
The Board of Directors has adopted a dividend policy to pay a dividend of CAD $0.0625 per share quarterly, following the release of year-end 2023 results. Dividend payments will be subject to quarterly review and approval by Frontera's Board of Directors and the determination to pay such dividends will be based on, among other things, the Company's view of prevailing and prospective macroeconomic conditions and business performance. In addition, the payment of dividends is subject to the approval of the Toronto Stock Exchange, applicable law and the provisions of the indenture governing the Company's unsecured notes. Each dividend, if declared by the Board of Directors, is intended to be payable to shareholders of record at the close of business on the second trading day of the first calendar quarter following the date of declaration.
Frontera remains committed to unlocking value and enhancing shareholder returns and will continue to consider future shareholder value enhancement initiatives in 2024, including potential additional dividends, distributions, or bond buybacks, based on the overall results of our businesses and the Company's strategic goals.
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