Newalta Corporation

Newalta Corporation

May 14, 2009 08:07 ET

Newalta Inc. Announces Quarterly Dividend and Expected 2009 Dividend Schedule

CALGARY, ALBERTA--(Marketwire – May 14, 2009) - Newalta Inc. ("Newalta") (TSX:NAL) today announced that it has declared a quarterly cash dividend of $0.05 per common share for the second quarter of 2009, payable on July 15, 2009, to all shareholders of record on June 30, 2009. The ex-dividend date is June 26, 2009.

Newalta expects that the dividends will be "eligible dividends" for income tax purposes and thus qualify for the enhanced gross-up and tax credit regime for certain shareholders. Newalta also announced today the expected record and payment dates for its quarterly dividends for the remainder of 2009. Newalta expects to pay quarterly dividends of $0.05 per share, as follows:

Record Date Payment Date Ex-Dividend Date Dividend Amount
September 30, 2009 October 15, 2009 September 28, 2009 $0.05
December 31, 2009 January 15, 2010 December 29, 2009 $0.05

Newalta Inc. is Canada's largest industrial waste management and environmental services provider and focuses on maximizing the value inherent in industrial waste through the recovery of saleable products and recycling. It also provides environmentally sound disposal of solid, non-hazardous industrial waste. With talented people and a national network of facilities, Newalta serves customers in the automotive, construction, forestry, lead, manufacturing, mining, oil and gas, petrochemical, pulp and paper, refining, steel and transportation service industries. Providing solid investor returns, exceptional customer service, safe operations and environmental stewardship has enabled Newalta to expand into new service sectors and geographic markets. Newalta trades on the TSX as NAL. For more information, visit

This news release contains statements that may constitute "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, among others, statements regarding expected dividends and other expectations, beliefs, goals, objectives, information and statements about possible future events. Readers are cautioned not to place undue reliance on such forward-looking information. Forward-looking information is based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and in some instances to differ materially from those anticipated by Newalta and described in the forward-looking information contained in this news release. Among the various factors that could cause results to vary materially from those indicated in the forward-looking information include, but are not limited to, variations in operating results, maintenance and growth capital requirements, the aggregate funded debt levels of Newalta, industry conditions, fluctuations in commodity prices, the availability of financing alternatives, and debt service needs. Readers should also be aware that the forward-looking information is also affected by the risk factors described in Newalta's Annual Information Form and those set forth from time to time in Newalta's continuous disclosure filings with Canadian securities regulatory authorities, which are available through Newalta's website at and on the SEDAR website at No assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur or, if any of them do so, what benefits Newalta will derive therefrom.

Contact Information

  • Anne M. MacMicken
    Executive Director, Investor Relations
    Phone: (403) 806-7019