Badger Infrastructure Solutions Declares Q4 2024 Cash Dividend

Announcing the Fourth Quarter Cash Dividend

Badger Infrastructure Solutions Ltd. (“Badger”) (TSX:BDGI) proudly announces its cash dividend for the fourth quarter of 2024, affirming its dedication to delivering value to shareholders. The Board of Directors has declared a dividend of $0.18 per common share, which translates to an annualized rate of $0.72. This payment is anticipated on or around January 15, 2025, to shareholders on record as of December 31, 2024.

Understanding Eligible Dividends

Badger expects that the declared dividend will qualify as an “eligible dividend” for Canadian income tax purposes, allowing certain shareholders to benefit from enhanced tax credits and gross-up regimes. This aspect highlights the company's commitment to providing not just a financial return, but also a tax-efficient investment pathway for its shareholders.

Who We Are at Badger Infrastructure Solutions

Founded with a vision to redefine excavation in the construction industry, Badger Infrastructure Solutions Ltd. stands as North America's leading provider of non-destructive excavating services. The company caters to a myriad of sectors, focusing on infrastructure maintenance and commercial construction projects. Badger is frequently entrusted with projects that involve working near vital underground utilities such as power, gas, water, and communication lines, where traditional excavation methods pose significant risks.

The Badger Hydrovac™ Technology

One of the standout features of Badger's service offerings is its proprietary Badger Hydrovac™ technology. This advanced excavation method utilizes a high-pressure water system to liquefy soil, allowing for the safe removal of earth without damaging the underlying infrastructure. The wetted soil is then efficiently extracted using a powerful vacuum system into a storage tank. This process not only enhances safety but also minimizes disruption and maximizes efficiency on job sites.

Manufacturing Excellence in Red Deer, Alberta

Badger distinguishes itself with its in-house capabilities, designing and manufacturing all hydrovac units at its facility in Red Deer, Alberta. With an impressive annual production capacity exceeding 350 units, Badger ensures high standards of quality and innovation in every piece of equipment. In addition to the hydrovac units, the company offers a select range of specialized vehicles like Airvacs, combo trucks, and sewer and flusher units. These extensions of the Badger brand reinforce its position as an industry leader in non-destructive technology.

What Sets Badger Apart?

In a competitive landscape, Badger's commitment to safety, quality, and service delivery has set a benchmark for others in the industry. By prioritizing the safety of its workers and clients, and by adhering to environmentally sustainable practices, Badger has built a reputation that resonates with contractors and facility owners alike.

Contact Information

For further inquiries or detailed information regarding Badger’s services and operations, stakeholders are encouraged to reach out to:

Robert Blackadar
President and Chief Executive Officer

Robert Dawson
Chief Financial Officer

Badger Infrastructure Solutions Ltd.
ATCO Centre II,
Suite 400, 919 - 11th Avenue SW,
Calgary, Alberta T2R 1P3,
Telephone: (403) 264-8500

Frequently Asked Questions

What is the cash dividend declared by Badger for Q4 2024?

Badger declared a cash dividend of $0.18 per common share for the fourth quarter of 2024.

When will the dividend be paid?

The dividend is expected to be paid on or about January 15, 2025, to shareholders on record as of December 31, 2024.

What technology does Badger utilize for its excavating services?

Badger uses its proprietary Badger Hydrovac™ technology which allows for non-destructive excavation around essential infrastructure.

Where are Badger's hydrovac units manufactured?

All hydrovac units are designed and manufactured at Badger's facility in Red Deer, Alberta, with a significant production capacity.

Who can benefit from the eligible dividend status?

The eligible dividend status allows certain shareholders in Canada to benefit from enhanced tax credits and the gross-up regime.

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