CALGARY, Alberta–(BUSINESS WIRE)–$RME #corporateupdate–Rocky Mountain Dealerships Inc. (“RME“) (TSX:RME), Canada’s
largest agriculture equipment dealer, today announced that on June 3,
2019, its Board of Directors (the “Board“) declared a
quarterly dividend of $0.1225 per common share on RME’s outstanding
common shares. The common share dividend is payable on June 28, 2019, to
shareholders of record at the close of business on June 14, 2019.
Based on the June 3, 2019 closing price of $8.55 for RME’s common
shares, the current annual dividend reflects a yield of 5.73%.
This dividend is designated by RME to be an “eligible dividend” for the
purposes of the Income Tax Act (Canada) and any similar provincial or
territorial legislation. An enhanced dividend tax credit applies to
“eligible dividends” paid to Canadian residents. Please consult with
your own tax advisor for advice with respect to the income tax
consequences to you from RME designating its dividends as “eligible
dividends.”
Investors are cautioned that dividends remain subject to approval by
RME’s Board, and that the Board may, at any time, increase, decrease or
suspend payment of the dividend.
About Rocky Mountain Dealerships Inc. (TSX:RME)
RME is Canada’s largest agriculture equipment dealer with branches
located throughout Alberta, Saskatchewan, and Manitoba. Through its
dealer network, RME sells, rents, and leases new and used agriculture
equipment and offers product support and finance to its customers.
Additional information about RME is available at www.rockymtn.com
and on SEDAR at www.sedar.com.
Contacts
For investor and media inquiries:
Clayton Paradis
403-999-7658
[email protected]
