Engineered environmental solutions leader Newalta Corporation has announced a quarterly dividend of $0.10 per common share for the fourth quarter of 2012.
The divided will be payable on January 15, 2013 to all shareholders of record as of December 31, 2012, Newalta stated in a recent announcement.
Newalta said it recently implemented a dividend reinvestment plan (the "DRIP") that provides eligible shareholders with the opportunity to reinvest their quarterly dividends to acquire additional Newalta shares at a purchase price equal to 95 per cent of the Average Market Price.
Enrollment forms are available on the company website at www.newalta.com or from Valiant Trust Company, as plan agent. The deadline for registered shareholders to complete and deliver enrollment forms to Valiant Trust Company is 3:00 pm (MST) on the business day immediately preceding the record date.
Beneficial shareholders should contact their broker, investment dealer, financial institution or other nominee through which their Newalta shares are held for enrolment instructions and deadlines.
Newalta expects that the dividends will be "eligible dividends" for income tax purposes and thus qualify for the enhanced gross-up and tax credit regime for certain shareholders.