CALGARY, March 5, 2014 /CNW/ - Winalta Inc. ("Winalta" or
the "Company") is pleased to announce a quarterly cash dividend
of $0.02 per class "A"
common share payable on March 31, 2014 to all
shareholders of record on March 17, 2014. The
ex-dividend date for this payment is March 13, 2014. This
dividend is an eligible dividend for Canadian income tax
purposes.
The Board of Directors has approved a
$0.01 per share quarterly dividend
increase to $0.02 per share for an
effective $0.08 per share dividend on
an annualized basis. The increase in the quarterly dividend is a
result of strong operating performance in conjunction with better
visibility of revenue in deployment of both Integrated Wellsites
Systems and conventional Wellsites in the steadier SADG and Pad
drilling industry.
Winalta Oilfield Rentals specializes in
innovative and high-quality modular buildings for the Western
Canadian Oil and Gas Industry. Winalta's rental fleet is comprised
of single-unit Wellsites, Integrated Wellsite Systems (IWS),
Dedicated Geo Labs, and Drill Camps.
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.
Forward-looking information
Certain information set forth in this press
release, including the timing of the payment of the dividend on the
Company's shares may constitute forward-looking statements. By
their nature, forward-looking statements involve material
assumptions and are subject to numerous risks and uncertainties,
including with respect to market and economic conditions and their
impact on the Company's business, some of which, are beyond the
Company's control. Readers are cautioned not to place undue
reliance on the forward-looking statements as the assumptions used
in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be imprecise
and actual results, performance or outcomes could materially differ
from those expressed or implied in such forward-looking statements
and accordingly, no assurance can be given that any of the events
anticipated by forward looking statements will transpire or occur,
or if any of them do so, what benefit Winalta will derive there
from. The Company does not assume the obligation to revise or
update this forward-looking information after the date of this
release or to revise such information to reflect the occurrence of
future unanticipated events, except as may be required under
applicable securities laws.
SOURCE Winalta Inc.