Thursday, December 8, 2016
Input Capital initiates dividend
Input Capital Corp. announces that as part of the Company's long-term strategy to maximize shareholder value, the Board of Directors has approved the implementation of a new dividend policy whereby the Company will pay a quarterly dividend to class "A" common shareholders.
The declaration and payment of dividends on the Company's Class "A" common shares is at the discretion of the Board of Directors which takes into account the Company's financial results, capital requirements, available cash flow, future prospects of the Company's business and other factors considered relevant from time to time.
"We have long stated that a dividend was likely in Input's future, and we feel that time has come," stated Input President & CEO Doug Emsley. "Input is now sufficiently funded to deliver on its business plan and pay a regular dividend to shareholders." Concurrent with the establishment of this dividend policy, the Board of Directors has declared an inaugural quarterly dividend of CAD $0.01 per class "A" common share payable in cash on January 16, 2017 to shareholders of record on December 30, 2016.
Input is the second company in my portfolio, the other being Alterra Energy, that has recently initiated a dividend. I like dividends especially in a tax deferred account like an IRA or 401k. I continue to like Input's business model and I expect they will continue to compound capital as they have done in the past. The market certainly like the news and the stock is still well below its recent highs.