TFI International Declares Quarterly Dividend

Rhea-AI Summary

On September 15, 2020, TFI International declared a quarterly dividend of CAD $0.26 per share, payable on October 15, 2020, to shareholders of record by September 30, 2020. This dividend qualifies as an eligible dividend under Canadian tax regulations. TFI International is a leading North American transportation and logistics company, providing value through strategic acquisitions and a robust network of subsidiaries across various segments including Package and Courier, Less-Than-Truckload, Truckload, and Logistics.

Positive

• Declared quarterly dividend of CAD $0.26 per share, reinforcing shareholder value.
• Solid operational structure with a focus on strategic acquisitions.

Negative

• None.

MONTREAL, Sept. 15, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, declared a quarterly dividend of CAD $0.26 per outstanding common share of its capital payable on October 15, 2020 to shareholders of record at the close of business on September 30, 2020.

This dividend is designated as an eligible dividend pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial legislation pertaining to eligible dividends.

ABOUT TFI INTERNATIONAL

TFI International Inc. is a North American leader in the transportation and logistics industry, operating across the United States, Canada and Mexico through its subsidiaries. TFI International creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries. Under the TFI International umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency. TFI International companies service the following segments:

• Package and Courier;
• Less-Than-Truckload;
• Truckload;
• Logistics.

TFI International Inc. is publicly traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol TFII.  For more information, visit www.tfiintl.com.

For further information:
Alain Bédard
Chairman, President and CEO
TFI International Inc.
647-729-4079
abedard@tfiintl.com

FAQ

What is the dividend amount for TFI International (TFII) in 2020?

The declared dividend amount for TFI International in 2020 is CAD $0.26 per share.

When is TFI International's dividend payable?

The dividend is payable on October 15, 2020.

What is the record date for TFI International's dividend?

The record date for TFI International's dividend is September 30, 2020.

Is TFI International's dividend eligible under Canadian tax law?

Yes, the dividend is designated as an eligible dividend under Canadian tax regulations.

What segments does TFI International operate in?

TFI International operates in Package and Courier, Less-Than-Truckload, Truckload, and Logistics segments.