TMX Group Limited increases dividend to $0.50 per common share
The Board of Directors of TMX Group Limited declared a dividend of $0.50 on each common share outstanding, an increase in $0.05 or 11%, from the previous $0.45 per common share. This dividend is payable on June 9, 2017 to shareholders of record at the close of business on May 26, 2017.
“We are proud to announce another dividend increase for TMX Group,” said Lou Eccleston, Chief Executive Officer, TMX Group. “In our operational results and the progress made to date in our growth initiatives, TMX continues to reap the benefits of an investment strategy focused on profitable growth and a diligent approach to cost management. This increase aligns our dividend payout ratio with that of our domestic and international peers. The organization remains focused in our pursuit of sustained profitable growth and delivering shareholder value into the future.”
TMX Group hereby advises that this dividend is designated as an “eligible dividend” for Canadian income tax purposes.