Dividends paid, are subject to shareholder approval

Dividends

Dividends

The Board has reviewed the progress made towards management’s key financial objective of returning to an investment grade credit rating.  While please with the significant improvements achieved in 2016, the Board determined that it is appropriate to continue to use surplus cash for deleveraging until credit metrics consistent with an investment grade credit rating are achieved.  As a result, the Board decided against paying a dividend from 2016 earnings.