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GRIMSBY, Ontario, Aug. 7, 2024 (GLOBE NEWSWIRE) — The Board of Directors of Andrew Peller Limited (ADW.A / ADW.B) (the “Company”) today announced its approval of a quarterly common stock dividend of $0.0615 per Class A share and $0.0535 per Class B share, payable on October 11, 2024 to shareholders of record on September 30, 2024. The Company has continuously paid common stock dividends since 1979 and has increased its dividend seven times over the past ten years, most recently in fiscal year 2022. The Company currently classifies all dividends paid as “qualified dividends” for purposes of the Income Tax Act (Canada) unless otherwise stated.
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About Andrew Piller Ltd.
Andrew Peller Limited is one of Canada’s leading producers and marketers of high-quality wines and handcrafted spirits. The Company’s premium and ultra-premium brands from the Vintners’ Quality Alliance (“VQA”) include Peller Estates, Trius, Thirty Bench, Wayne Gretzky, Sandhill, Red Rooster, Black Hills Estate, Tinhorn Creek, Grey Monk Estates, Raven Conspiracy and Conviction. These premium brands complement a diverse range of popular priced wine and spirits offerings, including craft ciders, craft spirits and craft wines. The Company owns and operates 101 independent retail locations in Ontario under the store names The Wine Shop, Wine Country Vintners and Wine Country Merchants. The Company also operates Andrew Peller Importing Agency and The Small Winemaker’s Collection Inc., importers and marketers of fine wines from around the world. Focused on meeting the needs of all wine consumers, the Company produces and markets premium personal winemaking products through its wholly owned subsidiary, Global Vintners Inc. (“GVI”), the recognized leader in personal winemaking products. More information about the Company can be found at ir.andrewpeller.com.
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Forward looking data
Certain statements in this press release may contain “forward-looking statements” within the meaning of applicable securities laws, including the “safe harbor” provision of the Securities Act (Ontario) with respect to Andrew Peller Limited and its subsidiaries. These forward-looking statements are subject to the risks and uncertainties discussed in the “Risks and Uncertainties” section and elsewhere in the Corporate Analysis and Management section and other risks detailed from time to time in Andrew Peller Limited’s publicly filed disclosure documents available at www.sedar.com. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that could cause actual results to differ materially from the conclusions, expectations or projections projected in such forward-looking statements. The Company’s forward-looking statements are made only as of the date of this press release and, except as required by applicable law, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new information, future events or circumstances or otherwise.
For more information please contact:
Investor Relations
Craig Armitage and Jennifer Smith
ir@andrewpeller.com
Source: Andrew Peller Limited
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