GreenStar Announces Q1 Dividend of $0.015 Per Share: 50% Increase Over Dividend Rate During 2013
04 3월 2014 - 10:00PM
Marketwired Canada
GreenStar Agricultural Corporation (TSX VENTURE:GRE) ("GreenStar" or the
"Company"), a processer of agricultural products such as canned fruits and
vegetables for distribution to international and domestic markets, today
announced a dividend of C$0.015 per common share with respect to the first
quarter of 2014 which is a 50% increase over the dividend rate paid by the
Company during 2013. The dividend record date is March 31, 2014 and the dividend
payment date is April 30, 2014. The dividend will be payable in Canadian dollars
or, at GreenStar's option, in Chinese Renminbi equivalent for shareholders
resident in China based on the Bank of Canada noon rate on the third business
day prior to the payable date.
The dividend payable on April 30, 2014 will be the fifth consecutive quarterly
dividend paid by GreenStar and the first at the increased quarterly rate of
$0.015 per share ($0.06 annualized), which is a 50% increase over the dividend
rate paid by the Company during 2013.
Dividend Details:
- Dividend Per Common Share: C$0.015
- Ex-Dividend Date: March 26, 2014
- Record Date: March 31, 2014
- Payable Date: April 30, 2014
For Canadian resident shareholders, dividends declared are considered as
"eligible dividends" for purposes of the dividend tax credit rules contained in
the Income Tax Act (Canada).
About GreenStar
GreenStar operates two main divisions, agricultural and food processing. The
agricultural division is involved in the cultivation and harvesting of
agricultural products such as fresh fruit and vegetables, for sale either
directly as fresh fruit and vegetables or canned, and sold overseas and
domestically. The food processing division is primarily involved in the
processing of canned food, which includes canned tomato paste, canned boiled
bamboo shoots, canned oranges, canned peaches and various other types of fruits
and vegetables.
GreenStar has been operating for over 19 years. Through the application of
science and technology in production, quality control and assurance, and
business operations and management, GreenStar has focused on maintaining product
and reputational excellence with a high standard of food quality. Key assets
include a well established management team, modern production facilities, and a
close partnership with local farmers.
GreenStar Agricultural Corp. is listed on the TSX Venture Exchange under the
symbol "GRE".
For further information on GreenStar please visit our web site at
www.greenstaragricultural.com.
Neither the TSX Venture Exchange nor its Regulation services provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Information:
Certain statements in this press release may constitute ''forward looking''
statements which involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the
Company to be materially different from any future results, performance or
achievements expressed or implied by such forward looking statements. When used
in this press release, such statements may use such words as ''may'', ''will'',
''expect'', ''believe'', ''plan'' and other similar terminology. These
statements reflect management's current expectations regarding future events and
operating performance and speak only as of the date of this press release.
Forward looking information in this press release includes managements plan to
pay dividend and the expected record date and payable date for the dividend and
payment method of dividend. These forward looking statements involve a number of
risks and uncertainties. Some of the factors that could cause actual results to
differ materially from those expressed in or underlying such forward looking
statements are the effects of, as well as changes in: international, national
and local business and economic conditions; political or economic instability in
the Company's markets; competition; legislation and governmental regulation; and
accounting policies and practices. The foregoing list of factors is not
exhaustive. Please see the Company's annual MD&A dated April 25, 2013, available
on www.sedar.com, for a more detailed description of the risk factors. The
Company undertakes no obligation to update publicly or revise any forward
looking information, whether a result of new information, future results or
otherwise, except as required by law.
FOR FURTHER INFORMATION PLEASE CONTACT:
GreenStar Agricultural Corporation
Robert Macdonald
(416) 849 3858
rgam36@gmail.com
www.greenstaragricultural.com
Investor Cubed Inc.
(647) 258-3311, (888) 258-3323
info@investor3.ca
Greenstar Agricultural Corp (TSXV:GRE)
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Greenstar Agricultural Corp (TSXV:GRE)
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