Current Quarterly Dividend

$0.1368 per common share

Date Declared: May 8, 2013
Record Date: June 30, 2013
Ex-Dividend Date: June 26, 2013
Payment Date: July 15, 2013

Dividend Policy & DRIP

Following the successful conversion from income trust to corporation in July 2011, Canexus is maintaining a distribution in the form of a quarterly dividend. 

The annual dividend is $0.5472 per share, payable quarterly. It builds on 70 months of successfully maintaining a monthly distribution as an income trust.

We believe in generating solid returns for investors in the form of both dividends and growth. We are committed to this dividend, yet don't expect to increase it while we have solid growth opportunities to invest in and we de-lever our balance sheet. The dividend level will be revisited as excess cash flows allow.

Dividend Reinvestment Plan (DRIP)

Our DRIP, amended for conversion, allows eligible holders of Canexus shares to reinvest their cash dividends in additional shares issued from treasury at a 5% discount to the Average Market Price (as defined in the Amended DRIP) on the applicable dividend payment date.

New shareholders wishing to participate in the Amended DRIP will be required to make elections on a quarterly basis.

Canexus reserves the right to limit the amount of new equity available under the Amended DRIP on any particular dividend payment date. Accordingly, participation may be prorated in certain circumstances. In the event of proration, the participating holder will receive the declared dividend in cash for any portion of the dividend that cannot be reinvested under the Amended DRIP.

No commissions, service charges or brokerage fees are charged by Canexus for shares purchased under the Amended DRIP. If your Canexus shares are held through a broker or other nominee, please check with them to see if any commissions, service charges or other fees are payable.

Read our Amended DRIP (pdf, 223 kB)