Mr. T.L. McKibbon reports
BIRD CONSTRUCTION INC. DECLARES COMMON SHARE DIVIDEND IN JULY 2020
Bird Construction Inc.'s board of directors has declared a common share cash dividend for July, 2020, of 3.25 cents per share to be paid on Aug. 20, 2020, to shareholders of record on July 31, 2020.
The dividend on the common shares is designated as an eligible dividend for the purposes of the Income Tax Act (Canada) and any similar applicable provincial legislation.
"Our company is performing very well through the crisis to date with many thanks to our dedicated and committed employees. Our diversified business model and strength in our balance sheet support the declaration of a dividend for July, 2020," said Teri McKibbon, president and chief executive officer. "The ramp-up of our work program in the second quarter of 2020, through the pandemic, was well executed. As a result of the diversification and growth of our backlog, the board of directors intends to revert back to the declaration of future monthly dividends on a quarterly basis starting in August, 2020. We expect fiscal 2020 to be considerably more profitable than recent years."
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