Hammond Power Solutions (HPS) Declares Quarterly Dividend

EIN 35 CS HPS logo 400

December 1, 2022

The Board of Directors of Hammond Power Solutions Inc. declared a quarterly cash dividend of ten cents ($0.10) per Class A Subordinate Voting Share of HPS and a quarterly cash dividend of ten cents ($0.10) per Class B Common Share of HPS payable on December 15, 2022, to shareholders of record at the close of business on December 8, 2022. The ex-dividend date is December 7, 2022.

Important Income-Tax Information for Canadian Resident Shareholders

HPS designates the entire amount of this taxable dividend to be an “eligible dividend” for purposes of the Income Tax Act (Canada), as amended from time to time. This notice meets the requirements of the Income Tax Act (Canada). Please contact your tax advisor if you have any questions with regard to the designation of the eligible dividend.

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements that relate to among other things, HPS’s strategies, intentions, plans, beliefs, expectations and estimates, and can generally be identified by the use of words such as “may”, “will”, “could”, “should”, “would”, “likely”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “plan”, “objective” and “continue” and words and expressions of similar import. Although HPS believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements.

Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from expectations include but are not limited to: general business and economic conditions (including but not limited to currency rates); changes in laws and regulations; legal and regulatory proceedings; and the ability to execute strategic plans. HPS does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.

Visit HPS HERE for more information.

Related Articles


Changing Scene

  • Nedco Introduces Jay Frezell as New General Manager at Nedco West

    Nedco Introduces Jay Frezell as New General Manager at Nedco West

    Nedco has announced Jay Frezell as the new General Manager of Nedco West, effective August 1st, 2024. “Jay brings over 25 years of experience in the datacom, power quality, and wire & cable industries. His impressive track record of success in distribution, sales, and manufacturing equips him with a deep understanding of our industry’s challenges and opportunities,”… Read More…

  • OmniCable Hires Jeremy Crosby as National Account Manager

    OmniCable Hires Jeremy Crosby as National Account Manager

    Omni Cable LLC is proud to announce the appointment of Jeremy Crosby as National Account Manager. In this role, Crosby will oversee one of OmniCable’s national accounts. “As someone who prioritizes continuous improvement, I am excited to be a part of a culture that pushes boundaries while maintaining a standard of service and accountability that… Read More…


Peers & Profiles