Urbana Corp T.URB

Fourth Regular Dividend Increase in Five Years

[Betteryear2]

Urbana Corporation Increases Dividend by 11.1%
Declaration of Dividend

/NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES
OR FOR DISSEMINATION IN THE U.S./

TORONTO, Jan. 04, 2022 (GLOBE NEWSWIRE) -- Urbana Corporation ("Urbana" or the “Corporation”) (TSX and CSE: URB, URB.A) announces that today its Board of Directors has declared a dividend of ten cents ($0.10) per share (the “2022 Dividend”), on the issued and outstanding Common and non-voting Class A shares of Urbana. The 2022 Dividend represents an 11.1% increase from the dividend the Corporation paid in 2021, which was $0.09 per share. The dividend is payable on the 31st day of January, 2022 to the Shareholders of record at the close of business on the 17th day of January, 2022. The ex-dividend date is the 14th day of January, 2022.

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.

https://www.globenewswire.com/news-release/2022/01/04/2361122/0/en/Urbana-Corporation-Announces-the-Company-s-Fourth-Regular-Dividend-Increase-in-Five-Years.html

[mrmoribund]

Okay, I'll take it, though there's a strong case to be made that the money would be better spent on buying more shares (at 1/2 the NAV per share) under the NCIB. I guess a shareholders always has the option of using their dividend to buy more shares on the open market (also at 1/2 the NAV per share). Leads to a roughly equivalent outcome though not quite so good from a tax perspective

[babybunny]

I prefer the dividend be kept at 10c per share range, combined with an aggressive buyback program.  That way I can take advantage of buying opportunities when I see fit (using the dividend proceeds), while my stake in the company keeps increasing (through the NCIB or a SIB). I invest in Japanese value stocks, and have noticed something interesting.  Companies in the doghouse (for weak