The Becker Milk Company Limited
TSX : BEK.B

March 16, 2009 17:05 ET

The Becker Milk Company Limited: Nine Month Financial Results, Regular and Special Dividends

TORONTO, ONTARIO--(Marketwire - March 16, 2009) - The Becker Milk Company Limited (the "Company") (TSX:BEK.B) is pleased to report the results for the nine months ending January 31, 2009 from our real estate and investment management business.

Total revenue of $3,053,942 for the current nine months compares to $3,137,368 for the same period ending January 31, 2008.

Net income for the nine months ending January 31, 2009 of $916,568 ($943,902 in 2008) is equivalent to 51 cents per share (52 cents in 2008).

The Directors of the Company have declared a regular dividend on Class B Special and Common Shares of 30 cents per share. In addition to the aforementioned regular dividend the Directors of the Company have determined that a special dividend of $2.00 dollars per share be declared to the Class B Special and Common Shares. For both the regular dividend and the special dividend, the total dividend of $2.30 will be paid to those shareholders of record as of April 2, 2009 and payable on April 16, 2009.

The dividends for Canadian tax purposes will be considered as an eligible dividend.

For the Board of Directors

G.W.J. Pottow, President

Contact Information

  • The Becker Milk Company Limited
    G.W.J. Pottow
    President
    (416) 698-2591