Premium Brands Holdings Corporation (TSX: PBH), a leading producer, marketer and distributor of branded specialty food products, announced today its results for the fourth quarter of 2016.
“We are pleased to announce another quarter of solid results. Our sales and earnings continued to reach record highs as we progress towards our goal of becoming one of North America’s leading specialty foods companies,” said Mr. Paleologou, President and CEO.
“We are also pleased to announce a 10.5% increase in our quarterly dividend rate to $0.42 per share or $1.68 per share on an annual basis. This represents the third year in a row in which we have increased our dividend rate by 10% or more,” said Mr. Paleologou.
The Company’s Board of Directors approved a cash dividend of $0.42 per share for the first quarter of 2017, which will be payable on April 17, 2017 to shareholders of record at the close of business on March 31, 2017.
Unless indicated otherwise in writing at or before the time the dividend is paid, each dividend paid by the Company in 2017 or a subsequent year is an eligible dividend for the purposes of the Enhanced Dividend Tax Credit System.
Source: Premium Brands Holdings