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Westshore Terminals Investment Corp T.WTE

Alternate Symbol(s):  WTSHF

Industrials
Westshore Terminals Investment Corporation is a Canada-based company, which owns all of the limited partnership units of Westshore Terminals Limited Partnership (Westshore). The Company invests in Westshore by way of distributions on Westshore's limited partnership units. Westshore operates a coal storage and unloading/loading facility at Roberts Bank, British Columbia. Westshore receives handling charges from its customers for throughput volume. Coal is delivered to the Terminal in unit trains operated by Canadian Pacific Railway, BNSF Railway, and Canadian National Railway. The product is unloaded and either directly loaded onto a ship or stockpiled for future ship loading. The loaded ships are then destined around the globe to approximately 16 different countries. Westar Management Ltd. (the Manager) provides management services to Westshore and administrative services to the Company. The manager also provides insurance and vehicle leasing services to the Company.


TSX:WTE - Post by User

Westshore Terminals Investment Corp
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Post by Red_Deeron Mar 11, 2024 10:29pm
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Post# 35927680

Special EXTRA Dividend,,,,,Plus RAISE in Quarterly Dividend

Special EXTRA Dividend,,,,,Plus RAISE in Quarterly DividendHere is the Official News Release__Which Was WELL RECEIVED by Mr Market Today eh !!!!!

2024-03-08 - News Release
 
WESTSHORE TERMINALS ANNOUNCES Q1 2024 DISTRIBUTION AND SPECIAL DIVIDEND
 
Westshore Terminals Investment Corp. has increased the quarterly dividend from 35 cents per share to 37.5 cents per share. The first quarter dividend will be paid on or before April 15, 2024, to shareholders of record on March 31, 2024. The Q1 2024 dividend will be designated an eligible dividend for Canadian tax purposes. The board will continue to review all factors relevant to the level of dividends, including operating performance, current and anticipated market conditions, and the suitability of applying funds to repurchase shares.
 
Westshore also announces a one-time, non-recurring special dividend of 35 cents per share, which will also be paid on or before April 15, 2024, to shareholders of record on March 31, 2024, together with the Q1 dividend announced above. The special dividend will be designated an eligible dividend for Canadian tax purposes.
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