ATCO Ltd.
TSX : ACO.Y
TSX : ACO.X
TSX : ACO.PR.A

ATCO Ltd.

January 14, 2010 16:47 ET

ATCO Eligible Dividends

CALGARY, ALBERTA--(Marketwire - Jan. 14, 2010) - The Board of Directors of ATCO Ltd. today declared a first quarter dividend of 26.5 cents per Class I Non-Voting (TSX:ACO.X) and Class II Voting share (TSX:ACO.Y), a 6.0% increase over the 25.0 cents paid in each of the previous four quarters. The dividend is payable March 31, 2010, to shareholders of record on March 10, 2010.

The Board also declared the following Cumulative Redeemable Preferred Share Dividend:



TSX Stock Dividend Record Date Payment Date
Shares Symbol Per Share($) (2010) (2010)
----------------------------------------------------------------------------
5.75% Series 3 ACO.PR.A 0.359375 08-Feb 01-Mar


These dividends are eligible dividends for Canadian income tax purposes.

Alberta-based ATCO Ltd., with more than 7,700 employees and assets of approximately $9.9 billion, delivers service excellence and innovative business solutions worldwide with leading companies engaged in Utilities (pipelines, natural gas and electricity transmission and distribution), Energy (power generation, natural gas gathering, processing, storage and natural gas liquid extraction), Structures & Logistics (manufacturing, logistics and noise abatement) and Technologies (business systems solutions). More information can be found at www.atco.com.

Forward-Looking Information:

Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Corporation believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Corporation's expectations as of the date hereof, and is subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

Contact Information

  • ATCO Ltd.
    B.R. Bale
    Senior Vice President & Chief Financial Officer
    (403) 292-7502