Urbana Corporation's Recent Dividend Announcement and Growth Plans

Urbana Corporation Declares Significant Dividend Increase

Urbana Corporation is excited to announce its sixth consecutive increase in dividend payouts, signaling a strong performance and commitment to shareholder value. This year, the company's dividend has been set at thirteen cents ($0.13) per share, reflecting an impressive 8.3% rise from the previous year's dividend, which was $0.12 per share. This increase not only shows Urbana's continual financial growth but also its dedication to rewarding investors.

Understanding the Dividend Payment Schedule

The newly declared dividend will be distributed to shareholders on the 31st of January, and shareholders must be recorded at the close of business on the 17th of January to qualify. The ex-dividend date, which is crucial for those looking at purchasing shares to receive the dividend, is set for the 16th of January. This structured approach helps ensure that shareholders can plan their investments and benefit from Urbana's growth trajectory.

Dividend Designation for Tax Purposes

Urbana's declared dividend carries special tax benefits as it is designated as an eligible dividend under Canadian tax law. This designation, made pursuant to subsection 89(14) of the Income Tax Act of Canada (ITA), means that shareholders can enjoy favorable tax treatment on their dividend income, thus maximizing their medium to long-term investment returns in the company.

Insights from the Board of Directors

In a statement released collectively by Urbana’s Board of Directors, it was emphasized that the decision to increase dividends reflects confidence in the company's current and future operations. Thomas S. Caldwell, C.M., representing the Board, expressed gratitude towards shareholders for their continued support and reassured them of the Corporation's strong fiscal management strategies and growth plans in the competitive market landscape.

Urbana's Long-Term Growth Strategy

Urbana Corporation has been steadily increasing its dividend payouts over the years, which is indicative of its robust financial health and strategic planning. The consistent rise in dividends is part of a broader strategy to not only enhance shareholder value but also to position the company as a leader within its sector. Investors are encouraged by these consistent dividends which highlight the Corporation's intent to share its successes with its shareholders.

Company Contact Information

For more information regarding dividends, shareholders and interested parties can reach out to Elizabeth Naumovski in Investor Relations at 416-595-9106. This open line of communication ensures that stakeholders can receive updated information and clarify any queries concerning their investments in Urbana Corporation.

Getting Updates on Urbana’s Performance

Investors and interested parties can stay informed by following Urbana Corporation’s official channels. By keeping in touch with the company, shareholders can get real-time updates on performance, corporate strategies, and other relevant financial news, ensuring they remain engaged with Urbana's ongoing developments.

Frequently Asked Questions

What is the new dividend per share declared by Urbana Corporation?

The declared dividend is thirteen cents ($0.13) per share, which represents an 8.3% increase from the previous year's dividend.

When will the dividends be paid out to shareholders?

Dividends will be paid out on January 31, with shareholders needing to be recorded by January 17 to be eligible.

What are the tax benefits of the declared dividend?

The dividend is designated as an eligible dividend under Canadian tax law, offering favorable tax treatment for shareholders.

Who can I contact for more information about Urbana Corporation?

For details, shareholders can contact Elizabeth Naumovski, Investor Relations, at 416-595-9106.

How does Urbana Corporation ensure growth and shareholder value?

Urbana maintains a strategy centered on consistent dividend increases while managing its finances effectively to bolster growth in performance and value for shareholders.

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