FINANCIAL: TransForce increases quarterly dividend

MONTREAL, QC -The board of directors of TransForce Inc. has approved a 17.2% dividend increase over its previous quarterly dividend of $0.145 per share and declared a quarterly dividend of $0.17 per outstanding common share of its capital.

The dividend is payable on January 15, 2015 to shareholders of record at the close of business on December 31, 2014.

This increase reflects TransForce’s ability to continue to generate a strong free cash flow in current and projected market conditions and reflects its stated dividend policy whereby approximately 20-25% of annualized free cash flow available would be distributed every year as dividends to shareholders.

TransForce has increased its dividend in each of the last four years.

Following the successful completion of several significant acquisitions in 2014, TransForce has made its 2015 anticipated results available on its website.


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