Mr. Glenn Dudar reports
WESTSHORE TERMINALS ANNOUNCES INCREASED QUARTERLY DIVIDEND
Following a periodic review, Westshore Terminals Investment Corp.'s board of directors has determined to increase the quarterly dividend from 20 cents per share to 25 cents per share. In such reviews the board takes into account operating performance, current and anticipated market conditions, and other potential requirements for and uses of funds on hand. A dividend of 25 cents per share will therefore be paid on or before Oct. 15, 2021, to shareholders of record on Sept. 30, 2021. The dividend will be designated an "eligible dividend" for Canadian tax purposes.
For the eight months ended Aug. 31, 2021, Westshore loaded 19.6 million tonnes, compared with 19.8 million tonnes for the same period in 2020. Throughput volumes for 2021 are anticipated to be in excess of 29 million tonnes. The average handling rate for 2021 as a whole is anticipated to be slightly higher than the average rate in the first half of the year.
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