DE Decisive Dividend Corporation

KELOWNA, BC, March 15, 2023 /CNW/ - Decisive Dividend Corporation (TSXV: DE) (the "Corporation" or "Decisive") is pleased to announce an increase in its monthly dividend to $0.035 per common share effective April 2023. The increased monthly dividend represents annualized dividends of $0.42 per common share, up 17% from the previous level set at $0.36 per common share on an annualized basis. This increase reflects the Corporation's 2022 operating performance and is consistent with Decisive's objective of providing shareholders with long-term, sustainable, and growing dividends.

Jeff Schellenberg, Chief Executive Officer of Decisive, noted:

"We are very pleased that we are in a position to increase the monthly dividend beyond the pre-pandemic level of $0.03 per share per month which was set in April 2022. Our ability to do so is premised on the growth in our cash flows resulting from the two acquisitions completed in 2022, the strength of our 2022 operating results as well as the current backlog of demand across our seven portfolio businesses. 2022 was a tremendous year in terms of growth and operating performance for Decisive and we believe the increase in the monthly dividend to $0.035 per common share reflects our commitment to provide sustainable and growing dividends to our shareholders."   

The $0.035 per common share dividend declared by the directors of the Corporation for the month of April 2023 is payable on April 14, 2023, to the shareholders of record at the close of business on March 31, 2023.

Eligible shareholders have the opportunity to reinvest dividends in accordance with the Corporation's dividend reinvestment and cash purchase plan (the "DRIP"). Additional details are available under the investors section of the Corporation's website www.decisivedividend.com.

This dividend is designated as an "eligible" dividend under the Income Tax Act (Canada) and any corresponding provincial legislation ("Tax Legislation").

Decisive Dividend Corporation is an acquisition-oriented company, focused on opportunities in manufacturing. The Corporation's purpose is to be the sought-out choice for exiting legacy-minded business owners, while supporting the long-term success of the businesses acquired, and through that, creating sustainable and growing shareholder returns. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established, high quality manufacturing companies that have a sustainable competitive advantage, a focus on non-discretionary products, steady cash flows, growth potential and established, strong leadership.

For more information on Decisive, or to sign up for email notifications of Corporation press releases, please visit www.decisivedividend.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this News Release.

This press release contains forward-looking statements. These statements relate to the monthly dividend policy adopted by the directors of the Corporation. The declaration and payment of dividends are subject to a number of risks, uncertainties and assumptions, including without limitation the financial performance and condition of the Corporation, the satisfaction of covenants under the Corporation's credit facility and solvency tests under applicable corporate law. There can be no assurance that the directors of the Corporation will declare or pay any dividends in the future or, if dividends are declared and paid, there can be no assurance as to the frequency or amount of such dividends. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information.

SOURCE Decisive Dividend Corporation