Workflow
Western Pacific Trust Company Declares Third Annual Dividend on Common Shares
Globenewswireยท2025-09-23 17:49

Core Viewpoint - Western Pacific Trust Company (WPTC) has declared its third consecutive annual dividend on common shares, reflecting the company's financial strength and commitment to shareholder value despite economic challenges [1][2][3]. Financial Performance - The declaration of the dividend follows a year of solid performance and advancements in WPTC's core business, maintaining competitive trust services amid market uncertainties [2]. - A dividend of $0.005 per common share will be payable on October 17, 2025, to shareholders of record as of October 2, 2025 [3]. Corporate Strategy - The company emphasizes its stable foundation and long-term strategy, showcasing confidence in its ability to create enduring shareholder value [3]. - The full amount of the dividend is designated as an "eligible dividend" under the Income Tax Act (Canada), encouraging shareholders to consult tax advisors regarding implications [4]. Company Overview - WPTC is a licensed trust company authorized to conduct non-deposit taking trust business in British Columbia, Alberta, and Saskatchewan [5].