Shortly after marking the first trading day for four letter stock symbols on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), the Board of Directors of TMX Group Limited (TSX: X) has declared a dividend of $0.45 on each common share outstanding, a 12.5% increase from the previous $0.40 per common share. This dividend is payable on December 2, 2016 to shareholders of record at the close of business on November 18, 2016.
Lou Eccleston, TMX
Today we are announcing the first dividend increase for TMX Group Limited following the leveraged buyout, or Maple transaction, in 2012,” said Lou Eccleston, Chief Executive Officer, TMX Group. “Our disciplined approach to debt reduction, intelligent business investment strategy and commitment to growth have enabled us to increase returns to our dedicated shareholder base. We have repaid over $500 million in debt and returned TMX to profitable growth. As we continue on our strategic path, we remain focused on delivering consistent increasing value to our shareholders.
TMX Group has advised that this dividend is designated as an “eligible dividend” for Canadian income tax purposes.