Home / Markets / Industries / Technology
Wednesday, November 12, 2008
Computer Modelling Group Declares Quarterly Dividend
Comtex
CALGARY, ALBERTA, Nov 12, 2008 (Marketwire via COMTEX) ----Computer Modelling Group Ltd. ("CMG") (TSX:CMG) today announced a 17% increase in its quarterly dividend to fourteen cents ($0.14) per share on CMG's Common and Non-Voting Shares. The dividend will be paid on December 15, 2008 to shareholders of record at the close of business on December 1, 2008.
Computer Modelling Group Ltd. is a computer software technology and consulting company serving the oil and gas industry. CMG, recognized by oil and gas companies worldwide as a leading developer of reservoir modelling software, has sales and technical support services based in Calgary, Houston, London, Caracas and Dubai. CMG is the leading supplier of advanced processes reservoir modelling software in the world with a blue chip client base of international oil companies and technology centers in over 40 countries. The Company's shares are listed on the Toronto Stock Exchange under the trading symbol ("CMG").
All dividends paid by Computer Modelling Group Ltd. to holders of Common Shares and Non-Voting Shares in the capital of Computer Modelling Group Ltd. will be treated as eligible dividends within the meaning of such term in section 89(1) of the Income Tax Act (Canada), unless otherwise indicated.
Forward Looking Statements: The reader should be aware that historical results are not necessarily indicative of future performance. Certain statements in this press release may constitute forward-looking statements, which can generally be identified as such because of the context of the statements including words such as the Company believes, anticipates, expects, plans, estimates or words of a similar nature. The forward-looking statements are based on current expectations and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results.
SOURCE: Computer Modelling Group Ltd.
Computer Modelling Group Ltd. Kenneth M. Dedeluk President & CEO (403) 531-1300 Email: ken.dedeluk@cmgl.ca Computer Modelling Group Ltd. John Kalman Vice President, Finance (403) 531-1300 Email: john.kalman@cmgl.ca Website: www.cmgl.ca
Copyright (C) 2008 Marketwire. All rights reserved.
Fox Business Video
-
-
Helping Veterans Land Jobs
-
Jul 2, 2009
Baird on Helping Soldiers
-
-
-
President's Plans Working
-
Jul 2, 2009
Goodstein on Stimulus Success
-
-
-
Jackson Lives On
-
Jul 2, 2009
Beck on Future of Jackson
-
-
-
$20 Dollars a Gallon
-
Jul 2, 2009
Paying More to Save Economy
-
-
-
Looking for the Road to Recovery
-
Jul 2, 2009
Morris on Unemployment
-
FOX Translator
No data currently available.
No data currently available.
Sure, we know some of you are saying the term "marriage penalty" is redundant. In fact, of all the costs associated with getting married (have you seen the cost of a wedding cake lately?), the marriage penalty can be the worst.
Here's how it works: Mr. and Mrs. Right walk down the aisle in wedded bliss and suddenly they¿re a two-income household. If both make roughly the same amount of money, they can be pushed into a higher tax bracket. That's bad, since the higher the bracket, the higher the tax. So, if both were single, they'd end up writing two smaller checks to the tax man that, if combined, would add up to less than the giant check they write in a state of wedded bliss.
Is that fair? We're not touching that, but there is a flip side that few people talk about. The marriage penalty only kicks in if both members of the couple make close to the same amount of money. If there's a big disparity in pay, there's actually a tax advantage. Call it the marriage bonus.
And, it¿s important to remember that there are other financial benefits, such as lower life-insurance rates or health care premiums, that can make up for the extra tax couples pay. So don't let Uncle Sam stop you from saying, "I do."
