Western Pacific Trust Company Declares Annual Dividend for 2024
Western Pacific Trust Company Announces Dividend Declaration
Western Pacific Trust Company (“WPTC”) (TSXV: WP) has made an exciting announcement regarding its second annual dividend on common shares, reflecting the company's remarkable growth trajectory and dedication to enhancing shareholder value. The recent decision from the board of directors signals strong confidence in WPTC's ongoing success in the financial landscape.
Commitment to Growth and Shareholder Value
The declaration of this dividend is a testament to WPTC's robust financial performance and promising future outlook. Over recent years, the company has not only maintained but also accelerated its growth by providing competitive and expert services in a specialized niche market. This focus has allowed WPTC to establish a strong foothold and reputation among its stakeholders.
“Declaring our second annual dividend on common shares is a moment of pride for our company as it demonstrates our continuous progress and commitment to our shareholders,” stated Alison Alfer, President & CEO. “This action reinforces our strategy to deliver long-term value and reflects our confidence in WPTC’s future prospects.”
Details About the Dividend
The dividend, set at $0.0075 per common share, is scheduled to be distributed on October 18, 2024, to shareholders recorded as of the close of business on October 3, 2024. This designation of the entire amount as an 'eligible dividend' under the Income Tax Act (Canada) reflects a positive advantage for shareholders, though they are encouraged to consult tax advisors regarding the implications.
Learn More About WPTC
Western Pacific Trust Company operates as a licensed trust company, engaged in non-deposit taking trust business within provinces like British Columbia, Alberta, and Saskatchewan. The company has positioned itself as a significant player in its sector, maintaining an ongoing commitment to the principles of good governance and customer-centric service.
Media Contact Information
For inquiries, you can reach Alison Alfer, President & CEO, at (604) 683-0455 or via email at aalfer@westernpacifictrust.com.
Frequently Asked Questions
What is the announced dividend by WPTC?
WPTC has declared a dividend of $0.0075 per common share.
When will the dividend be paid?
The dividend is scheduled for payment on October 18, 2024.
What is the record date for receiving the dividend?
Shareholders must be on record by October 3, 2024, to receive the dividend.
What makes this dividend significant?
This is the second annual dividend declared by WPTC, indicating the company's stability and growth.
How can I learn more about WPTC?
For more information, visit the company's official website or contact their media representative.
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