Hardware and Lumber increased the dividend payment for 2014 over the amount paid for 2013. The company declared an interim dividend of 32 cents per stock unit payable on January 23, 2015 to stockholders on record as at the close of business on January 7, 2015.
The stock will trade Ex-dividend on January 5, 2015. An interim dividend 30 cents per stock unit was paid on January 17, 2014 in connection with the 2013 profit. The increased dividend comes in the wake of Hardware and Lumber reporting profit after tax for the nine months to September of $113 million, or 26 percent more than the $90 million, for the same period in 2013. Earnings per stock unit for the nine months, is $1.40, up from $1.11 for the comparative period in 2013.
H&L ups dividend slightly
December 20, 2014 by