Trinidad Drilling Ltd. ("Trinidad") uses reasonable commercial efforts to ensure that the information contained on this web site is accurate but does not in any way guarantee the currency, accuracy, completeness, non-infringement or authenticity of such information. All information contained on this web site, including all stock price information, is provided for convenience and information purposes only and is not intended for trading, business, financial or other purposes. Your use of this site is in itself acceptance of the foregoing disclaimer.
On March 2, 2016, Trinidad’s board of directors agreed to suspend the dividend.
Trinidad’s dividend policy is subject to review quarterly by the board of directors; taking into consideration anticipated annual cash flow, the prevailing financial and market circumstances of Trinidad and other relevant factors.
Eligible Dividends for Canadian Tax Purposes
Trinidad confirms that all dividends paid to shareholders are, pursuant to subsection 89(14) of the Income Tax Act (Canada), designated as “eligible dividends”.
Trinidad does not have a dividend reinvestment policy.
On March 10, 2008, Trinidad’s unitholder’s approved the reorganization of Trinidad Energy Services Income Trust to Trinidad Drilling Ltd. Following this reorganization, Trinidad pays quarterly dividends to shareholders in place of the monthly distributions paid by the Trust. A summary of the distributions paid by the Trust follows.