In 2016, the Company will introduce a progressive dividend with the aim of maintaining or increasing the Canadian dollar dividends per share paid each year on a quarterly basis. The Company anticipates it will declare an annual dividend in 2016 of Canadian 6 cents per share to be paid in four equal payments at the end of each financial quarter. The amount of any dividend declared will remain at the discretion of the Board of Directors. In determining the rate of the total dividend, in Canadian dollars per share, the Board of Directors will consider current operating results and outlook, the need to invest to maintain profitable long term growth, the external environment and any other factors deemed relevant. This dividend policy replaces the Company's current policy, which contemplates a semi-annual dividend payment and a potential performance related based on performance.