GUELPH, Ontario, March 05, 2018 (GLOBE NEWSWIRE) -- Hammond Manufacturing Company Limited (TSX:HMM.A) (HMCL) today announced that HMCL’s Board of Directors has declared a special cash dividend of $0.02 per Class A Subordinate Voting Share and $0.02 per Class B Common share (not listed on the TSX) payable April 3, 2018, to shareholders of record at the close of business on March 16, 2018. The ex-dividend date is March 14, 2018.
Important Income Tax Information for Canadian Resident Shareholders
HMCL designates the entire amount of this dividend to be an “eligible dividend”, as defined in subsection 89(1) of the Income Tax Act (Canada), as amended from time to time. This notice meets the requirement of the Income Tax Act (Canada). Please contact your tax advisor if you have any questions with regard to the designation of the eligible dividend.
About Hammond Manufacturing Company Limited
Hammond Manufacturing Company Limited manufactures a broad range of products for the electronic and electrical products industry, including metallic and non-metallic enclosures, racks, small cases, outlet strips, surge suppressors and electronic transformers.
For information, contact:
Hammond Manufacturing Company Limited
Robert F. Hammond, Chairman and CEO
Tel. (519) 822-2960
Fax. (519) 822-7289
Source:Hammond Manufacturing Company Limited