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Reitmans Canada Ltd reduces quarterly dividend


Tuesday, 3 Dec 2013 08:14pm EST 

Reitmans Canada Ltd:Says as a result of the disappointing earnings for the nine months ended Nov. 2, the board of directors has decided to reduce the quarterly cash dividend from $0.20 per share to $0.05 per share.Says accordingly, at the board of directors meeting held on Dec3, a quarterly cash dividend (constituting eligible dividends) of $0.05 per share on all outstanding Class A non-voting and common shares of the company was declared.Says the dividend will be payable Jan. 30, 2014 to shareholders of record on Jan. 20, 2014. 

Company Quote

6.45
-0.05 -0.77%
2:14pm EDT