Badger Infrastructure Solutions Ltd. October 2021 Cash Dividend and Upcoming Events
October 15 2021 - 8:00AM
Badger Infrastructure Solutions Ltd. (“Badger”) is pleased to
announce its October 2021 cash dividend and upcoming events.
October 2021 Cash
DividendBadger today announced that the directors of
Badger declared a cash dividend for the month of October 2021 of
$0.0525 per share, which equates to $0.63 per share on an
annualized basis. Payment will be made on or about November 15,
2021, to shareholders of record on October 29, 2021.
Badger expects that the dividend will be an
“eligible dividend” for Canadian income tax purposes and thus
qualify for the enhanced gross-up and tax credit regime for certain
shareholders.
Upcoming Release of 2021 Third Quarter
Results and Conference CallBadger expects to release its
2021 Third Quarter results on Thursday, November 4, 2021, after the
close of market trading. A conference call and webcast for
investors, analysts, brokers and media representatives to discuss
the 2021 Third Quarter results is scheduled for 9:00 a.m. ET on
Friday, November 5, 2021. Internet users can listen to the call
live, or as an archived call, on Badger’s website
at: www.badgerinc.com under the Investor Relations menu and Events,
Presentations and Webcasts. To participate in the call, dial:
1-844-740-2014 and enter passcode 5068986. A playback of the call
will be available until Friday, November 19, 2021. To access the
playback, dial: 1-855-859-2056 and enter passcode 5068986.
About Badger Infrastructure Solutions
Ltd.Badger Infrastructure Solutions Ltd. (TSX:BDGI) is
North America’s largest provider of non-destructive excavating
services. Badger works for contractors and facility owners in a
broad range of infrastructure industries. These market segments
consist primarily of infrastructure projects in areas such as
energy generation, electricity and natural gas transmission
networks, roads and highways, telecommunications, water and sewage
treatment and general municipal infrastructure. Customers in these
segments typically operate near high concentrations of underground
power, communication, water, gas and sewer lines, particularly in
large urban centres where safety and economic risks are high and
therefore non-destructive excavation provides a safe alternative
for certain customer excavation requirements. Badger’s key
technology is the Badger Hydrovac™, which is used primarily for
safe excavation around critical infrastructure and in congested
underground conditions. The Badger Hydrovac™ uses a
pressurized water stream to liquefy the soil cover, which is then
removed with a powerful vacuum system and deposited into a storage
tank. Badger manufactures and designs its truck-mounted hydrovac
units, giving Badger the opportunity to incorporate feedback from
its hydrovac operators into its existing and future design and
manufacturing processes.
For further
information:Paul
Vanderberg, President & Chief Executive
Officer
Darren Yaworsky, Senior Vice President, Finance & Chief
Financial OfficerTrevor Carson, Vice President, Investor Relations
& Corporate Development
Badger Infrastructure Solutions Ltd.ATCO Centre
IISuite 400, 919 - 11th Avenue SWCalgary, Alberta T2R 1P3Telephone
(403) 264-8500Fax (403) 228-9773
Source: Badger Infrastructure Solutions Ltd.
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