Davis and Henderson Ups Distribution

Canadian income trust, Davis and Henderson income fund increased the distribution for its units. 

TORONTO — Cheque maker Davis and Henderson is raising distributions after its third-quarter profit increased to $15.8-million from $15.3-million as the company benefited from rising sales from a new acquisition.

Davis and Henderson reported it will increase payments to unitholders in November to 12.8 cents a unit, or $1.54 a year, a 2.4-per-cent increase over the October payment, equivalent to $1.50 a year.

The payment will be made Dec. 29.

Read more: Globe and Mail

Leave a Reply

Your email address will not be published. Required fields are marked *