Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Classified Sites

The Canadian Press - ONLINE EDITION

Computer Modelling Group raising dividend 5.3%; plans 2-for-1 stock split

CALGARY - Computer Modelling Group Ltd. (TSX:CMG) is increasing its quarterly dividend by 5.3 per cent and has also announced a two-for-one stock split.

The computer software technology and consulting company serving the oil and gas industry announced after markets closed Wednesday that the dividend, which will be paid on a pre-split basis, is going to 20 cents per share from 19 cents.

It will be payable June 13 to shareholders of record June 6.

"The growth in the level of dividends paid is reflective of our continued success and our commitment to share this success directly with our shareholders," president and CEO Ken Dedeluk said in a release.

Meanwhile, the company says trading of its shares on the Toronto Stock Exchange on a post-split basis is expected to begin June 23, the second trading day preceding the stock split record date.

"It is expected that the increased number of outstanding common shares resulting from the stock split will provide a greater opportunity for investors to become shareholders of CMG and increase liquidity in CMG's listed securities," Computer Modelling said in the release.

On the Toronto Stock Exchange, the company's shares closed up a penny at $30.26 on Wednesday on volume of just under 77,000 shares.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.


Make text: Larger | Smaller

Brandon Sun Business Directory
Sudden Surge: Flood of 2014
Opportunity Magazine — The Bakken
Why Not Minot?
Welcome to Winnipeg

Social Media