What is Shoppers Drug Marts dividend policy?
Shoppers Drug Mart announced on February 10, 2005 that it had initiated quarterly dividend payments and that its Board of Directors had declared a dividend of ten cents per common share, payable April 15, 2005 to shareholders of record as of the close of business on March 31, 2005. Subject to financial results, capital requirements, available cash flow and any other factors that the Board of Directors may consider relevant, it is the intention of the Board of Directors to declare a comparable quarterly dividend on an ongoing basis. It is expected that future dividend payments will be made to shareholders of record as of the close of business on the last business day of each calendar quarter. It is expected that each related payment date will be the fifteenth day of the month following the record date, or if such day is not a business day, the immediately preceding business day. The Company announced on February 8, 2006, that its Board of Directors declared a dividend of 12 cents per co
