MISSISSAUGA, ON , March 20, 2017 /CNW/ – The Board of Directors of Cargojet Inc. has approved a cash dividend of $0.1925 per common voting share and variable voting share for the period from January 1, 2017 to March 31, 2017 , an increase of $0.0175 or 10% per share from the previous quarter.
“This increase is a result of our recent and sustainable financial results while maintaining sufficient financial resources and meeting shareholder expectations,” said Ajay K. Virmani , President and C.E.O.
The dividends will be paid to all shareholders of record as at the close of business on March 20, 2017 and will be payable on or before April 5 , 2017. These dividends will be eligible dividends within the meaning of the Income Tax Act ( Canada ).
Cargojet is Canada’s leading provider of time sensitive overnight air cargo services and carries over 1,300,000 pounds of cargo each business night. Cargojet operates its network across North America each business night, utilizing a fleet of all-cargo aircraft. For more information, please visit: www.cargojet.com.