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Bullboard - Stock Discussion Forum Exco Technologies Ltd T.XTC

Alternate Symbol(s): EXCOF

Consumer Cyclical Auto Parts

Exco Technologies Limited is a Canada-based global supplier of technologies servicing the diecast, extrusion and automotive industries. The Company operates through two business segments: Casting and Extrusion Technology (Casting and Extrusion) and Automotive Solutions. The Casting and Extrusion segment designs and engineers tooling and other manufacturing equipment. Its operations are... see more

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TSX:XTC - Post Discussion

Exco Technologies Ltd > Dividend confirmed + increase :>))

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Post by TimeBuilder on Feb 02, 2021 10:32pm

Dividend confirmed + increase :>))

Exco Quarterly Dividend Raised 5.3%

GlobeNewswire - Tue Feb 2, 3:59PM CST

Exco Technologies Limited (TSX-XTC) today announced a quarterly cash dividend of $0.10 per common share to be paid on March 31, 2021 to shareholders of record on March 17, 2021. This dividend represents a 5.3% increase from previous levels. The dividend is an "eligible dividend" in accordance with the Income Tax Act of Canada.

Darren Kirk, Exco's President and CEO, "I am pleased to announce this dividend increase, which reflects our confidence in Exco's ability to continue generating significant free cash flow in the years ahead". The annualized dividend represents 36% of Exco's trailing twelve-month free cash flow. This is the thirteenth time Exco has increased its dividend in twelve consecutive years.

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