HPS Declares Quarterly Dividend for Beginning of 2023

March 14, 2023

The Board of Directors of Hammond Power Solutions Inc. declared a quarterly cash dividend of twelve and a half cents ($0.125) per Class A Subordinate Voting Share of HPS and a quarterly cash dividend of twelve and a half cents ($0.125) per Class B Common Share of HPS payable on March 30, 2023, to shareholders of record at the close of business on March 23, 2023. The ex-dividend date is March 22, 2023.

HPS quarterly dividend

Quarterly Results: 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.

Source

Related Articles


Changing Scene

  • AD Owner/Members Elect 2023 Board of Directors

    AD Owner/Members Elect 2023 Board of Directors

    AD has recently announced that its owner/members elected three directors to its Board of Directors. Each year, the AD Board’s Nominating & Governance Committee holds an open nomination and voting period, during which AD members select members to its board of directors. Currently, more than 140 of AD’s 850-plus member companies provide leadership on corporate and divisional boards and committees. AD’s newly elected director is François Deschênes, President & CEO of Deschênes Group Inc. Chrissy Nardini, President, American Metals Supply, and Donald D. Slominski, Jr., Executive Chairman of the Board, McNaughton-McKay Electric Company, were reelected by AD’s owner/members. Read More…

  • R. STAHL Joins ETIM North America

    R. STAHL Joins ETIM North America

    ETIM North America recently announced that R. STAHL, a major supplier in the field of explosion protected products and systems, has joined the North American chapter of the global product classification standards organization. R. STAHL, a global electrical manufacturer, provides the industrial customers of electrical distributors a wide array of products including terminal boxes, control boxes, control systems and distribution boards, industrial lighting, intrinsically safe barriers, remote I/O, grounding, industrial cameras and PCs, signaling devices and more. Read More…


Peers & Profiles

  • Schneider Electric, a leader in the digital transformation of energy management and automation, is Canada’s top international corporate citizen in 2022. This designation was awarded to Schneider Electric by Corporate Knights, a media and research company committed to advancing a sustainable economy. Read More…

  • The Sonepar Ontario Region is proud to announce the relocation of their SESCO Central Distribution Centre (CDC) to its new location in Brampton, ON. This move has facilitated an amalgamation between Texcan’s large Brampton branch and SESCO’s CDC, as both businesses work together within one facility for the first time. Read More…