Newalta Corporation has announced a quarterly cash dividend of $0.11 per common share for the first quarter of 2014, payable on April 15, 2014 to all shareholders of record on March 31, 2014.
The ex-dividend date is March 27, 2014.
Newalta's dividend reinvestment plan 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 (as defined in the DRIP).
The deadline for registered shareholders to complete and deliver enrolment 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.