TFI International announces dividend increase for shareholders
TFI International's Dividend Announcement
Recently, TFI International Inc. (NYSE and TSX: TFII), a prominent player in the transportation and logistics sector, made a significant announcement that is likely to please its shareholders. The company has declared a quarterly dividend of US $0.45 per outstanding common share. This payment is set to be made on a specified date to shareholders who hold shares at the close of business on the last day of December. This move demonstrates TFI International's commitment to returning value to its investors.
Details of the Dividend Increase
The new quarterly dividend, an increase from the previous amount of US $0.40, represents a noteworthy rise of 13%. This shows that TFI International is not only maintaining its stability but is also in a strong position to enhance shareholder returns. The dividend will be distributed to shareholders of record, ensuring that those who invest with the company will see the benefits of their investment.
TFI International's Business and Market Position
TFI International has established itself as a leader in the transportation and logistics domain across North America. The company's operations stretch throughout the United States, Canada, and Mexico, encompassing several subsidiaries. TFI has built a reputation for creating value by identifying strategic acquisition opportunities and efficiently managing its growing network of wholly-owned operating units.
Segments of Operation
TFI International's business model is diverse and multi-faceted, servicing several key segments within the logistics industry. These include:
- Less-Than-Truckload
- Truckload
- Logistics
These segments allow TFI International to cater to a wide range of customer needs and optimize its operations for enhanced efficiency.
Food for Thought: Understanding the Impact on Shareholders
The increase in dividends is often viewed as a positive signal from a company regarding its financial health and future outlook. For existing shareholders of TFI International, this decision reflects confidence in the company’s trajectory and operational capabilities. With a robust commitment to delivering returns, investors can look forward to continued growth on their investments.
Contact Information for TFI International
For further inquiries or detailed information regarding TFI International and its business operations, shareholders and investors can reach out to:
Alain Bédard
Chairman, President and CEO
Phone: 647-729-4079
Through its proactive approach to shareholder dividends and its established presence in the logistics industry, TFI International continues to stand out as a resilient and adaptive company.
Frequently Asked Questions
What is TFI International's main business?
TFI International operates in the transportation and logistics industry, providing services across North America.
What is the new quarterly dividend amount for TFI International?
The company has declared a quarterly dividend of US $0.45 per common share.
When will the dividend be paid?
The quarterly dividend is expected to be paid on January 15, 2025.
How much of an increase is the new dividend compared to the previous one?
The new dividend represents a 13% increase from the previous dividend of US $0.40.
Who can receive the dividend payment?
Shareholders of record at the close of business on December 31, 2024, are eligible to receive the dividend payment.
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