CALGARY, Aug. 17, 2011 /CNW/ - Gibson Energy Inc. ("Gibson" or the
"Company") today announced that its Board of Directors has declared a
dividend on its outstanding common shares of $0.28 per common share for
the period from and including June 15, 2011 to September 30, 2011.
This equates to Gibson's expected initial quarterly dividend rate of
$0.24 per share. The dividend will be payable on October 21, 2011 to
common shareholders of record at the close of business on September 30,
2011.
About Gibson
Gibson is one of the largest independent midstream energy companies in
Canada and a major participant in the crude oil transportation business
in the United States, and is engaged in the movement, storage,
blending, processing, marketing and distribution of crude oil,
condensate, natural gas liquids, and refined products. Gibson
transports hydrocarbons by utilizing its integrated network of
terminals, pipelines and truck fleet, located throughout western Canada
and the United States.
Gibson shares trade on the Toronto Stock Exchange under the symbol GEI.
Gibson's primary objective is to generate stable and growing cash flows
for shareholders through an attractive dividend and a growing asset
base.
Forward-Looking Statements
Certain statements contained in this news release constitute
forward-looking statements. These statements relate to future events or
the Company's future performance. All statements other than statements
of historical fact are forward-looking statements. The use of any of
the words ''anticipate'', ''plan'', ''contemplate'', ''continue'',
''estimate'', ''expect'', ''intend'', ''propose'', ''might'', ''may'',
''will'', ''shall'', ''project'', ''should'', ''could'', ''would'',
''believe'', ''predict'', ''forecast'', ''pursue'', ''potential'' and
''capable'' and similar expressions are intended to identify
forward-looking statements. These statements involve known and unknown
risks, uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such
forward-looking statements. Although the Company believes these
statements to be reasonable, no assurance can be given that these
expectations will prove to be correct and such forward-looking
statements included in this news release should not be unduly relied
upon. The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of
regulatory decisions, competitive factors in the industries in which
the Company operates, prevailing economic conditions, and other
factors, many of which are beyond the control of the Company. The
forward-looking statements contained in this news release represent the
Company's expectations as of the date hereof, and are subject to change
after such date. The Company disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of
new information, future events or otherwise, except as may be required
by applicable securities regulations.