Aber Diamond Corp approves dividend of US $1 per share

10 Jun '05

2 min read

"Aber's first quarter results were marked by a strengthening balance sheet and a positive contribution by Harry Winston to our earnings from operations," stated Alice Murphy, Aber's Chief Financial Officer. "Our first dividend increase since establishing a dividend policy in the third quarter of last year reflects both our long-term financial capability and commitment to returning cash to our shareholders."

Returning Value to Shareholders
Aber is pleased to declare a quarterly dividend payment of US$0.25 per share. Shareholders of record at the close of business on June 30, 2005, will be entitled to receive payment of this dividend on July 15, 2005.

Aber remains committed to returning value to shareholders through a combination of dividends and share repurchases. The normal course issuer bid will remain in place to provide a flexible means of returning surplus cash, in excess of the dividend to shareholders, but the significant increase to the dividend reduces the funds available for share repurchases.

ABER DIAMOND CORPORATION

More Aber Diamond Corporation News... More Fashion News - Canada...