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Cogeco Cable Increases Quarterly Dividend to $0,14 per Share

^{Published on 2009-10-29 14:00:12 - Market Wire}
 

MONTREAL, CANADA--(Marketwire - Oct. 29, 2009) - Cogeco Cable Inc. (TSX:CCA) ("Cogeco Cable" or "the Corporation") announced today that its Board of Directors of has declared a quarterly eligible dividend of $0.14 per share for subordinate and multiple voting shares, representing an increase of $0.02, or 17%, when compared to the quarterly dividend of $0.12 per share declared for each quarter of fiscal 2009. The dividend will be payable on November 26, 2009, to shareholders of record on November 12, 2009.

The declaration, amount and date of any future dividend will continue to be considered and approved by the Board of Directors of the Corporation based upon the Corporation's financial condition, results of operations, capital requirements and such other factors as the Board of Directors, at its sole discretion, deems relevant. There is therefore no assurance that dividends will be declared, and if declared, their amount and frequency may vary.

ABOUT COGECO CABLE

Cogeco Cable ([ www.cogeco.ca ]) is a telecommunications company and is the second largest cable operator in Ontario, Quebec and Portugal, in terms of the number of Basic Cable service customers served. Through its two-way broadband cable networks, Cogeco Cable provides its residential customers with Audio, Analogue and Digital Television, as well as HSI and Telephony services. Cogeco Cable also provides, to its commercial customers, data networking, e-business applications, video conferencing, hosting services, Ethernet, private line, VoIP, HSI access, dark fibre, data storage, data security and co-location services and other advanced communication solutions. Cogeco Cable's subordinate voting shares are listed on the Toronto Stock Exchange (TSX:CCA).