On March 12, 2013 Aecon’s Board of Directors approved an increase in the dividend to be paid to all holders of Aecon Common Shares. The annual dividend was increased to $0.32 per share (from $0.28 per share) to be paid in four quarterly payments of $0.08 cents per share (from $0.07 per share). The first increased quarterly dividend payment will be paid on April 1, 2013 to shareholders of record on March 22, 2013.
Aecon's quarterly dividend, in the amount of $0.08 ($0.32 per year), is generally paid on the first business day of each quarter (January, April, July and October) to shareholders of record 10 calendar days prior to the payment date. For Canadian income tax purposes the dividends are "eligible dividends."