LIQUOR STORES NA LTD 4.70 PCT DEBS T.LIQ.DB.B

RE:Liquor Stores N.A. Ltd. Announces February Cash Dividend

[Goldbuggy1]

scarface9 wrote:

EDMONTON, ALBERTA--(Marketwired - Feb. 12, 2016) -Liquor Stores N.A. Ltd. (the "Corporation" or "Liquor Stores") (LIQ.TO) announced today a cash dividend of $0.09 per common share ("Common Share") of the Corporation for the month of February 2016. The dividend will be paid on March 15, 2016, to holders of record of the Corporation's Common Shares on February 29, 2016. This dividend is an "eligible dividend" for Canadian income tax purposes.

Liquor Stores expects to pay cash dividends on or about the 15th of each month to shareholders of record on the last business day of the preceding month.

The Corporation has a Dividend Reinvestment Plan (the "DRIP") which allows eligible shareholders of the Corporation to direct that their cash dividends be reinvested in additional Common Shares (the "Common Shares") of the Corporation. Common Shares issued pursuant to the DRIP are issued from treasury at a 3% discount from the market price. Shareholders who wish to participate in the DRIP should contact their broker, financial institution, or other nominee through which their Common Shares are held to provide appropriate enrolment instructions. A complete copy of the DRIP is available by following the "Dividend Reinvestment Plan" link on the Investors Relations section of the Corporation's website at www.liquorstoresna.ca. Shareholders should carefully read the complete text of the DRIP prior to making any decisions regarding their participation in the DRIP. 

ABOUT LIQUOR STORES N.A. LTD.

Well, yet another month LIQ decided to pay it's normal Dividend when many have been saying a Dividend Cut. It is actually kind of funny how people have been expecting a cut for 3 or 4 years now. Sort of like walking around with a sign saying the world is coming to an end tomorrow, when tomorrow never seems to come. I actually thought that January was a very important Dividend Announcement Date as it is the start of a new year. Seemed logical to me that if the Board was planning a Dividend Cut soon they would have done that in January instead of carrying a Dividend Payment on the next 4 Quarterly Reports for only 1 month. I think this February Dividend Announcement is important also. By now LIQ has all the facts and figures they need to prepared there Quarter 4 Report which should come out in the first week of March. So it also seems logical to me that if you had a terrible 4th Quarter and Year, and planned a Dividend Cut as a result of that, again now would be the time to do that. In a Downward Market the Dividend Paying Stocks usually do quite well now. But I suppose with that big rain cloud hanging over Alberta there is still a lot of uncertainty if it is going to rain or not.