August 22, 2016 17:00 ET
BOUCHERVILLE, QUEBEC--(Marketwired - Aug. 22, 2016) - (TSX:RON.PR.A)(TSX:RON.PR.B) - At its meeting on August 22, 2016, RONA's Board of Directors declared a quarterly dividend of $0.20775 per share on cumulative and fixed 5-year Rate Reset Series 6 Class A preferred shares, as well as a quarterly dividend of $0.20164 per share on cumulative and variable 5-year Rate Reset Series 7 Class A preferred shares. The dividends will be paid on September 30, 2016 to shareholders of record on September 14, 2016.
Acquired by Lowe's Companies, Inc. on May 20, 2016, RONA inc. is a major Canadian retailer and distributor of hardware, building materials and home renovation products. RONA operates a network of close to 500 corporate and independent affiliate dealer stores in a number of complementary formats. RONA serves its network of stores and several independent dealers operating under other banners, including Ace, for which RONA owns the licensing rights and is the exclusive distributor in Canada. With more than 17,000 employees in corporate stores and more than 5,000 employees in the stores of its independent affiliate dealers, RONA generated annual consolidated sales of $4.2 billion for fiscal year 2015. For more information, visit rona.ca.
MediaValerie GonzaloMedia Relations514 email@example.com
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