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Superior Plus Announces January 2020 Cash Dividend and Upcoming Events

January 9, 2020 GMT

TORONTO--(BUSINESS WIRE)--Jan 9, 2020--

January 2020 Cash Dividend - $0.06 per share

Superior Plus Corp. (“Superior”) (TSX: SPB) today announced its cash dividend for the month of January 2020 of $0.06 per share payable on February 14, 2020. The record date is January 31, 2020 and the ex-dividend date will be January 30, 2020. Superior’s annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.

A summary of Superior’s dividends paid for the year 2019 is detailed below. These dividends are considered to be an eligible dividend for Canadian income tax purposes.

Record Date

Payment Date

Dividend

November 30, 2019

December 13, 2019

$0.06

October 31, 2019

November 15, 2019

$0.06

September 30, 2019

October 15, 2019

$0.06

August 31, 2019

September 13, 2019

$0.06

July 31, 2019

August 15, 2019

$0.06

June 30, 2019

July 15, 2019

$0.06

May 31, 2019

June 14, 2019

$0.06

April 30, 2019

May 15, 2019

$0.06

March 31, 2019

April 15, 2019

$0.06

February 28, 2019

March 15, 2019

$0.06

January 31, 2019

February 15, 2019

$0.06

December 31, 2018

January 15, 2019

$0.06

 

2019 Total

$0.72

Upcoming Investor Conferences
Superior will be presenting at the AltaCorp Capital Institutional Investor Conference in Toronto, Ontario on Wednesday, January 15, 2020 and at the Western Institutional Investor Conference in Banff, Alberta on Wednesday, January 29, 2020. A copy of presentation materials to be used by Superior will be posted to Superior’s website on the date of the related presentation under the Presentations section of Superior’s website.

2019 Fourth Quarter and Year-End Results and Conference Call
Superior expects to release its 2019 fourth quarter and year-end results on Thursday, February 20, 2020 after market close. A conference call and webcast for investors, analysts, brokers and media representatives to discuss the 2019 Fourth Quarter and Year-End Results is scheduled for 10:30 a.m. EST on Friday, February 21, 2020. To participate in the call, dial: 1-844-389-8661. Internet users can listen to the call live, or as an archived call, on Superior’s website at: www.superiorplus.com under the Events section.

About the Corporation
Superior consists of two primary operating businesses: Energy Distribution includes the distribution of propane and distillates, and supply portfolio management; and Specialty Chemicals includes the production and sale of specialty chemicals.

For further information about Superior, please visit our website at: www.superiorplus.com.

Forward Looking Information

This news release contains certain forward-looking information and statements that are based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “will”, “expects”, “annualized”, and similar expressions.

In particular, this news release contains forward-looking statements and information relating to: future dividends which may be declared on Superior’s common shares, the dividend payment, the tax treatment thereof, and the receipt of cash dividends. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release, regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading “Risk Factors” in Superior’s management’s discussion and analysis and annual information form for the year ended December 31, 2018, which can be found at www.sedar.com.

Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200109005141/en/

CONTACT: Beth Summers, Executive Vice President and Chief Financial Officer

Tel: (416) 340-6015

or

Rob Dorran, Vice President, Investor Relations and Treasurer

Tel: (416) 340-6003

E-mail:investor-relations@superiorplus.com

Toll Free: 1-866-490-PLUS (7587). 

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: OIL/GAS ENERGY

SOURCE: Superior Plus

Copyright Business Wire 2020.

PUB: 01/09/2020 08:30 AM/DISC: 01/09/2020 08:30 AM

http://www.businesswire.com/news/home/20200109005141/en