SYS-CON MEDIA Authors: Jason Bloomberg, Kevin Benedict, David H Deans, RealWire News Distribution, Gilad Parann-Nissany

News Feed Item

Newalta Announces Quarterly Dividend

CALGARY, ALBERTA -- (Marketwired) -- 06/16/14 -- Newalta Corporation (TSX: NAL) announced that it has declared a quarterly cash dividend of $0.125 per common share for the second quarter of 2014, payable on July 15, 2014 to all shareholders of record on June 30, 2014. The ex-dividend date is June 26, 2014.

Newalta's dividend reinvestment plan (the "DRIP") provides eligible shareholders with the opportunity to reinvest their quarterly dividends to acquire additional Newalta shares at a purchase price equal to 95% of the Average Market Price (as defined in the DRIP). 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.

Newalta is North America's leading provider of innovative, engineered environmental solutions that enable customers to reduce disposal, enhance recycling and recover valuable resources from industrial residues. We serve customers onsite directly at their operations and through a network of 85 locations in Canada and the U.S. Our proven processes, portfolio of more than 250 operating permits and excellent record of safety make us the first choice provider of sustainability enhancing services to oil, natural gas, petrochemical, refining, lead, manufacturing and mining markets. With a skilled team of more than 2,000 people, two decade track record of profitable expansion and commitment to commercializing new solutions, Newalta is positioned for sustained future growth and improvement. Newalta trades on the TSX as NAL. For more information, visit www.newalta.com.

Contacts:
Newalta Corporation
Anne M. Plasterer
Executive Director, Investor Relations
(403) 806-7019

Newalta Corporation
Stephanie MacVicar
Director, Investor Relations
(403) 806-7391
www.newalta.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.