Dividends on the Subordinate Voting Shares are payable quarterly on or about January 31, April 30, July 31 and October 31 of each year. The Board of Directors normally reviews dividends in May of each year, with any changes becoming effective with the July payment.
In May 2015 Onex announced that it would be increasing its quarterly dividend by 25 percent to C$0.0625 per Subordinate Voting Share beginning in July 2015. This follows previous increases to the dividend in 2014 and 2013. During 2014 and 2013, the quarterly dividend was C$0.05 and C$0.0375 respectively per Subordinate Voting Share. All dividends are eligible dividends unless indicated otherwise.
Onex provides shareholders the option to elect to receive their dividend payment in U.S. dollars. To receive the dividend payment in U.S. dollars, a registered shareholder must submit a completed currency election form
to CST Trust Company
five business days before the record date of the dividend. Non-registered shareholders who wish to receive dividend payments in U.S. dollars should contact their broker to submit their currency election.
The Dividend Reinvestment Plan provides shareholders of record who are resident in Canada a means to reinvest cash dividends in new Subordinate Voting Shares of Onex Corporation at a market-related price and without payment of brokerage commissions. To participate, registered shareholders should contact Onex’ share registrar, CST Trust Company. Non-registered shareholders who wish to participate should contact their investment dealer or broker.