Computer Modelling Group Announces Increase in Quarterly Dividend
21 Maio 2014 - 6:00PM
Marketwired
Computer Modelling Group Announces Increase in Quarterly Dividend
CALGARY, ALBERTA--(Marketwired - May 21, 2014) - The Board of
Directors of Computer Modelling Group Ltd. ("CMG" or the "Company")
(TSX:CMG) announces a 5.3% increase in its quarterly dividend to
$0.20 per share on CMG's Common Shares. The dividend will be paid
on June 13, 2014 to shareholders of record at the close of business
on June 6, 2014.
The increase reflects CMG's focus on sustainable dividends paid
quarterly, in recognition of the importance of a regular income
stream to its shareholders. Ken Dedeluk, President and CEO,
commented "the growth in the level of dividends paid is reflective
of our continued success, and our commitment to share this success
directly with our shareholders."
Computer Modelling Group Ltd. is a computer software technology
and consulting company serving the oil and gas industry. CMG,
recognized by oil and gas companies worldwide as a leading
developer of reservoir modelling software, has sales and technical
support services based in Calgary, Houston, London, Caracas, Dubai,
Bogota, and Kuala Lumpur. CMG is the leading supplier of advanced
processes reservoir modelling software in the world with a blue
chip client base of international oil companies and technology
centers in over 50 countries. The Company's shares are listed on
the Toronto Stock Exchange under the trading symbol "CMG".
All dividends paid by Computer Modelling Group Ltd. to holders
of Common Shares in the capital of Computer Modelling Group Ltd.
will be treated as eligible dividends within the meaning of such
term in section 89(1) of the Income Tax Act (Canada), unless
otherwise indicated.
Computer Modelling Group Ltd.Kenneth M. DedelukPresident &
CEO(403) 531-1300ken.dedeluk@cmgl.caComputer Modelling Group
Ltd.Sandra BalicVice President, Finance & CFO(403)
531-1300sandra.balic@cmgl.cawww.cmgl.ca
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