Holy Crap! MMT.V 20% dividend announced. One time .10 + .05 Quarterly....all for $1.05/share
Mart Announces $0.10 Per Common Share Dividend
Thursday, June 28, 2012
CALGARY, ALBERTA--(Marketwire - June 28, 2012) - Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Company") is pleased to announce the declaration of a dividend of $0.10 per common share payable on August 8, 2012 to shareholders of record at the close of business on July 23, 2012.
Mart's Board of Directors has also adopted a dividend policy reflecting its intention to pay quarterly dividends of $0.05 per common share commencing in September 2012. The payments of dividends in the future are dependent on Mart's cash flows, capital expenditure budgets, earnings, financial condition and other factors as the Board of Directors may consider appropriate from time to time.
Wade Cherwayko, CEO of Mart commented: "The declaration by Mart of its first dividend to shareholders is a very important milestone for the Company and reflects our positive view of the sustainability of cash flow from Mart's Nigerian operations."