CANADA: No dividend for Cott Corp shareholders

By Sarah Diston | 22 March 2001

Instead of paying a dividend this year, Toronto-based Cott Corp., has said it would rather use the money to expand or cut debt. As reported by Bloomberg News, the company, which first cancelled the dividend payout in 1998 has said that its shareholders equity will exceed the minimum required to pay dividends under the terms of its senior unsecured notes.

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Instead of paying a dividend this year, Toronto-based Cott Corp., has said it would rather use the money to expand or cut debt. As reported by Bloomberg News, the company, which first cancelled the dividend payout in 1998 has said that its shareholders equity will exceed the minimum required to pay dividends under the terms of its senior unsecured notes.

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