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TORONTO, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Aecon Group Inc. (TSX: ARE) (“Aecon” or the “Company”) announced today that its common shares will be added to the S&P/TSX Composite Index, effective prior to market open on Monday, December 23, 2024. The S&P/TSX Composite Index is the principal benchmark for Canadian equity markets and includes the largest and most liquid publicly traded companies in Canada.
“Rejoining the S&P/TSX Composite Index is a significant accomplishment and is a testament to the hard work of our dedicated teams who have collectively helped Aecon reach this milestone,” said Jerome Julier, Executive Vice President & Chief Financial Officer, Aecon Group Inc.
“We look forward to the benefits that inclusion in the Index can provide, including increased awareness with a broader range of potential investors as we continue to execute on our strategy to drive long-term value for our shareholders,” said Adam Borgatti, Senior Vice President, Corporate Development & Investor Relations, Aecon Group Inc.
Dividend
Aecon also announced that the Board of Directors has approved its next quarterly dividend of 19 cents per share. The dividend will be paid on January 3, 2025 to shareholders of record as of December 24, 2024.
About Aecon
Aecon Group Inc. (TSX: ARE) is a North American construction and infrastructure development company with global experience. Aecon delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility and Industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its Concessions segment. Join our online community on X, LinkedIn, Facebook, and Instagram @AeconGroupInc.
Statement on Forward-Looking Information
The information in this press release includes certain forward-looking statements which may constitute forward-looking information under applicable securities laws. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. Forward looking statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, ongoing objectives, strategies and outlook for Aecon, including statements regarding: the perceived benefits of Aecon’s inclusion in the S&P/TSX Composite Index; the ability to drive long-term value for shareholders; and the payment of the quarterly dividend. Forward-looking statements may in some cases be identified by words such as “may,” “will,” “expects,” “target,” “future,” “plans,” “believes,” “anticipates,” “estimates,” “projects,” “intends,” “should” or the negative of these terms, or similar expressions.