Boralex Inc. ("Boralex" or the "Corporation") (TSX: BLX) announces significantly improved financial results for the 4th quarter of 2015, reflecting the contributions of recently acquired or commissioned assets, better wind conditions in France and in Ontario, the strengthening of the U.S. dollar and the euro, and higher hydroelectric power production in the United States.
In light of the steady growth in its results since the introduction of a dividend in 2014 and its confidence in the outlook for the Corporation, the Board of Directors of Boralex has authorized a 7.7% increase in the annual dividend to $0.56 per share (or the quarterly dividend to $0.14 per share). This dividend will be paid on June 15, 2016 to shareholders of record at the close of business on May 31, 2016.
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