KELOWNA,
BC, July 14, 2023 /CNW/ - Decisive Dividend
Corporation (TSXV: DE) (the "Corporation") announced today
that, in accordance with its monthly dividend policy which was
amended on June 22, 2023 to increase
monthly dividends to $0.04 per common
share per month ($0.48 per common
share on an annualized basis) commencing for the dividend payable
in August 2023, the directors of the
Corporation have formally declared the dividend of $0.04 per common share for the month of
August 2023. The dividend is payable
on August 15, 2023, to the
shareholders of record at the close of business on July 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").
About Decisive Dividend
Corporation
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.
Cautionary
Statements
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
