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SOURCE Contrans Group Inc.
WOODSTOCK, ON, Oct. 17, 2013 /CNW/ - The Board of Directors of Contrans Group Inc. ("Contrans") (TSX Symbol CSS) announced today that it has declared a dividend of $0.125 per outstanding Class A Subordinate Voting Share and Class B Multiple Voting Share, payable on November 15, 2013 to shareholders of record at the close of business on October 31, 2013.
For Canadian resident shareholders the dividend declared is designated as an "eligible dividend" for purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation.
Contrans has been providing freight transportation services since 1985. With approximately 1,500 power units and 2,500 trailers under management, Contrans is one of the largest freight transportation companies in Canada.
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