DATA Communications Management Corp. Announces Initiation of a Dividend Program and Declares Special Dividend
DATA Communications Management Corp. (DCM) has announced two significant dividend initiatives. The company will pay a special cash dividend of $0.20 per share on March 25, 2025, to shareholders of record on March 12, 2025, with half designated as eligible and half as ineligible dividends for Canadian tax purposes.
Additionally, DCM is initiating a regular quarterly dividend program, with an initial payment of $0.025 per share scheduled for April 4, 2025, to shareholders of record as of March 21, 2025. This quarterly dividend will be designated as an eligible dividend for Canadian tax purposes. The total initial commitment to shareholders amounts to $12.4 million.
The dividend program is supported by DCM's improved financial leverage following the Moore Capital acquisition and integration, with higher free cash flow expected in 2025 and beyond.
DATA Communications Management Corp. (DCM) ha annunciato due importanti iniziative relative ai dividendi. L'azienda pagherà un dividendo speciale in contante di $0,20 per azione il 25 marzo 2025, agli azionisti registrati il 12 marzo 2025, con metà designata come dividendi idonei e metà come dividendi non idonei ai fini fiscali canadesi.
Inoltre, DCM sta avviando un programma di dividendi trimestrali regolari, con un pagamento iniziale di $0,025 per azione previsto per il 4 aprile 2025, agli azionisti registrati al 21 marzo 2025. Questo dividendo trimestrale sarà designato come dividendo idoneo ai fini fiscali canadesi. L'impegno totale iniziale verso gli azionisti ammonta a $12,4 milioni.
Il programma di dividendi è supportato dal miglioramento della leva finanziaria di DCM dopo l'acquisizione e integrazione di Moore Capital, con un aumento del flusso di cassa libero previsto per il 2025 e oltre.
DATA Communications Management Corp. (DCM) ha anunciado dos iniciativas significativas de dividendos. La compañía pagará un dividendo especial en efectivo de $0.20 por acción el 25 de marzo de 2025, a los accionistas registrados el 12 de marzo de 2025, con la mitad designada como dividendos elegibles y la otra mitad como dividendos no elegibles para fines fiscales canadienses.
Además, DCM está iniciando un programa de dividendos trimestrales regulares, con un pago inicial de $0.025 por acción programado para el 4 de abril de 2025, a los accionistas registrados hasta el 21 de marzo de 2025. Este dividendo trimestral será designado como un dividendo elegible para fines fiscales canadienses. El compromiso total inicial con los accionistas asciende a $12.4 millones.
El programa de dividendos se apoya en la mejora del apalancamiento financiero de DCM tras la adquisición e integración de Moore Capital, con un mayor flujo de caja libre esperado para 2025 y más allá.
DATA Communications Management Corp. (DCM)는 두 가지 중요한 배당금 이니셔티브를 발표했습니다. 이 회사는 주당 $0.20의 특별 현금 배당금을 2025년 3월 25일에, 2025년 3월 12일 기준 주주에게 지급할 예정이며, 절반은 캐나다 세금 목적에 대해 적격 배당금으로, 나머지 절반은 비적격 배당금으로 지정됩니다.
또한 DCM은 정기 분기 배당금 프로그램을 시작하며, 초기 지급액은 2025년 4월 4일에 주당 $0.025로 예정되어 있으며, 2025년 3월 21일 기준 주주에게 지급됩니다. 이 분기 배당금은 캐나다 세금 목적에 대해 적격 배당금으로 지정됩니다. 주주에 대한 총 초기 약속은 $12.4 백만에 달합니다.
배당금 프로그램은 Moore Capital의 인수 및 통합 이후 DCM의 재무 레버리지 개선에 의해 지원되며, 2025년 이후 더 높은 자유 현금 흐름이 예상됩니다.
DATA Communications Management Corp. (DCM) a annoncé deux initiatives significatives en matière de dividendes. La société versera un dividende spécial en espèces de 0,20 $ par action le 25 mars 2025, aux actionnaires inscrits au 12 mars 2025, dont la moitié sera désignée comme dividendes éligibles et l'autre moitié comme dividendes non éligibles aux fins fiscales canadiennes.
De plus, DCM lance un programme de dividendes trimestriels réguliers, avec un paiement initial de 0,025 $ par action prévu pour le 4 avril 2025, aux actionnaires inscrits au 21 mars 2025. Ce dividende trimestriel sera désigné comme un dividende éligible aux fins fiscales canadiennes. L'engagement total initial envers les actionnaires s'élève à 12,4 millions de dollars.
Le programme de dividendes est soutenu par l'amélioration de l'effet de levier financier de DCM suite à l'acquisition et à l'intégration de Moore Capital, avec un flux de trésorerie disponible plus élevé attendu pour 2025 et au-delà.
DATA Communications Management Corp. (DCM) hat zwei bedeutende Dividendeninitiativen angekündigt. Das Unternehmen wird am 25. März 2025 eine sonstige Bar-Dividende von $0,20 pro Aktie an die am 12. März 2025 registrierten Aktionäre zahlen, wobei die Hälfte als förderfähige und die andere Hälfte als nicht förderfähige Dividenden für kanadische Steuerzwecke ausgewiesen wird.
Darüber hinaus startet DCM ein reguläres vierteljährliches Dividendenprogramm, mit einer ersten Zahlung von $0,025 pro Aktie, die für den 4. April 2025 an die am 21. März 2025 registrierten Aktionäre geplant ist. Diese vierteljährliche Dividende wird als förderfähige Dividende für kanadische Steuerzwecke ausgewiesen. Das gesamte anfängliche Engagement für die Aktionäre beläuft sich auf $12,4 Millionen.
Das Dividendenprogramm wird durch die verbesserte finanzielle Hebelwirkung von DCM nach der Übernahme und Integration von Moore Capital unterstützt, wobei für 2025 und darüber hinaus ein höherer freier Cashflow erwartet wird.
- Introduction of regular quarterly dividend program of $0.025 per share
- Special dividend of $0.20 per share announced
- Total initial shareholder distribution commitment of $12.4 million
- Improved financial leverage position
- Expected higher free cash flow generation for 2025 and beyond
- None.
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Special cash dividend of
$0.20 -
Initial regular quarterly dividend of
$0.02 5
“The Board’s approval of this dividend program reflects our commitment to enhancing shareholder returns and underscores our confidence in DCM’s growth potential and free cash flow1 generation capabilities moving forward, following the accelerated integration of the Moore Canada Corporation business into DCM,” said J.R. Kingsley Ward, Chair of the Board.
Special Dividend
The Board has approved the declaration of a special cash dividend of
Regular Dividend Program
The Board has also initiated a recurring, quarterly dividend program. In connection with the new dividend program, the Board has approved an initial quarterly dividend of
With these announcements, DCM has committed an initial
This dividend program is made possible by the Company’s significantly improved financial leverage subsequent to the acquisition and accelerated integration of Moore Capital Corporation and higher levels of free cash flow expected to be generated in 2025 and in the future.
_____________________
1 Free cash flow is a non-IFRS Accounting Standards financial measure we use to monitor the availability of discretionary cash as part of our capital management. For a reconciliation of free cash flow to its most comparable IFRS Accounting Standards measure, total cash generated from operating activities, see “Non-IFRS Accounting Standards Measures and other Financial Measures” below.
About DATA Communications Management Corp.
DCM is a leading Canadian tech-enabled provider of print and digital solutions that help simplify complex marketing communications and operations workflow. DCM serves over 2,500 clients including 70 of the 100 largest Canadian corporations and leading government agencies. Our core strength lies in delivering individualized services to our clients that simplify their communications, including customized printing, highly personalized marketing communications, campaign management, digital signage, and digital asset management. From omnichannel marketing campaigns to large-scale print and digital workflows, our goal is to make complex tasks surprisingly simple, allowing our clients to focus on what they do best.
Additional information relating to DCM is available on www.datacm.com, and in the disclosure documents filed by DCM on SEDAR+ at www.sedarplus.ca.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release constitute “forward-looking” statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, objectives or achievements of DCM, or industry results, to be materially different from any future results, performance, objectives or achievements expressed or implied by such forward-looking statements. When used in this press release, words such as “may,” “would,” “could,” “will,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “plan,” and other similar expressions are intended to identify forward-looking statements. These statements reflect DCM’s current views regarding future events and operating performance, are based on information currently available to DCM, and speak only as of the date of this press release.
These forward-looking statements involve a number of risks, uncertainties, and assumptions. They should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such performance or results will be achieved. Many factors could cause the actual results, performance, objectives, or achievements of DCM to be materially different from any future results, performance, objectives, or achievements that may be expressed or implied by such forward-looking statements. We caution readers of this press release not to place undue reliance on our forward-looking statements since a number of factors could cause actual future results, conditions, actions, or events to differ materially from the targets, expectations, estimates, or intentions expressed in these forward-looking statements.
The principal factors, assumptions and risks that DCM made or took into account in the preparation of these forward-looking statements and which could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements are described in further detail in our most recent annual and interim Management Discussion and Analysis filed (“MD&A”) on SEDAR+, and include but are not limited to the following: industry conditions are influenced by numerous factors over which the Company has no control, including: declines in print consumption; the impact of tariffs and responses thereto (including by governments, trade partners and customers), which may include, without limitation, retaliatory tariffs, export taxes, restrictions on exports to the
Additional factors are discussed elsewhere in this press release and under the headings "Liquidity and capital resources" and “Risks and Uncertainties” in DCM’s Management Discussion and Analysis and in DCM’s other publicly available disclosure documents, as filed by DCM on SEDAR+.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, estimated, or expected. Unless required by applicable securities law, DCM does not intend and does not assume any obligation to update these forward-looking statements, whether as a result of new information, future events or results or other factors.
NON-IFRS ACCOUNTING STANDARDS MEASURES AND OTHER FINANCIAL MEASURES
This press release includes certain non-IFRS Accounting Standards measures, ratios, and other financial measures as supplementary information. This supplementary information does not represent earnings measures recognized by IFRS Accounting Standards and does not have any standardized meanings prescribed by IFRS Accounting Standards. Therefore, these non-IFRS Accounting Standards measures, ratios and other financial measures are unlikely to be comparable to similar measures presented by other issuers. Investors are cautioned that this supplementary information should not be construed as alternatives to net income (loss) determined in accordance with IFRS Accounting Standards as an indicator of DCM’s performance.
Free cash flow is a non-IFRS Accounting Standards financial measure we use to monitor the availability of discretionary cash as part of our capital management. It is defined as total cash generated from operating activities, less net capital expenditures (comprised of purchase of property, plant and equipment (including transfers from noncurrent assets), less proceeds on disposal of property, plant and equipment, other than proceeds on sale and leaseback of properties), less lease principal payments. A reconciliation of free cash flow to its most comparable IFRS Accounting Standards measure, total cash generated from operating activities, is included in “Additional Reconciliations of Non-IFRS Accounting Standards Financial Measures” in our most recent interim MD&A filed on SEDAR+.
Definitions of other such supplementary information, together with a reconciliation of net income (loss) to such supplementary financial measures, can be found in our most recent annual and interim MD&A and filed on SEDAR+ at www.sedarplus.ca.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250220035752/en/
Mr. Richard Kellam
President and Chief Executive Officer
DATA Communications Management Corp.
Tel: (905) 791-3151
Mr. James E. Lorimer
Chief Financial Officer
DATA Communications Management Corp.
Tel: (905) 791-3151
ir@datacm.com
Source: DATA Communications Management Corp.
FAQ
When will DCM (DCMDF) pay its special dividend of $0.20 per share?
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