Andrew Peller Limited Announces Quarterly Dividend
GRIMSBY, Ontario, Feb. 5, 2025 – The Board of Directors of Andrew Peller Limited (ADW.A / ADW.B) is pleased to announce that it has approved a quarterly common share dividend of $0.0615 per Class A Share and $0.0535 per Class B Share. The dividends are payable on April 11, 2025, to shareholders of record on March 31, 2025.
Company History
Andrew Peller Limited, a leading producer of quality wines and spirits in Canada, has a long-standing history of paying common share dividends. The company began this practice in 1979, demonstrating its commitment to rewarding its shareholders consistently.
Dividend Designation
The Company designates all dividends paid as “eligible dividends” for purposes of the Income Tax Act (Canada) unless indicated otherwise. Eligible dividends are subject to a favorable tax treatment for Canadian residents, providing them with a gross-up and tax credit.
Impact on Individual Shareholders
For individual investors, the approval of this dividend means they will receive a cash payment based on the number of shares they own. The dividend payment can be used for various purposes, including reinvesting in the company, paying bills, or adding to their savings.
Impact on the Economy and Market
The announcement of a dividend payment by Andrew Peller Limited can positively impact the economy and the stock market in several ways. The payment of dividends represents a return of capital to shareholders, which can lead to increased consumer spending. Moreover, the dividend payment can also contribute to a stable stock price, as investors view the company as financially sound and committed to shareholder rewards.
Additional Information
- The record date for this dividend is March 31, 2025.
- Shareholders who hold their shares in a Canadian registered retirement savings plan (RRSP) or a registered retirement income fund (RRIF) may be eligible for additional tax benefits.
- Shareholders who have not provided their banking information to the Company’s transfer agent, Computershare Investor Services Inc., will need to do so to receive their dividend payment.
For more information about Andrew Peller Limited and its dividend policies, please visit the company’s website or contact its Investor Relations Department.
Conclusion
The approval of a quarterly dividend by Andrew Peller Limited is a significant event for both the company and its shareholders. The payment of dividends reflects the company’s financial strength and commitment to rewarding its investors. For individual shareholders, the dividend represents a source of income that can be used for a variety of purposes. For the economy and the stock market, the dividend payment can contribute to increased consumer spending and a stable stock price.
As a responsible and committed investor, Andrew Peller Limited continues to prioritize its shareholders by providing them with a reliable and consistent source of income.
