insane dividends

[wzebra33]

$5.00

May 06, 2011 16:00 ET
McGraw-Hill Ryerson Limited Announces Q1 Dividend and Special Dividend

WHITBY, ONTARIO--(Marketwire - May 6, 2011) - McGraw-Hill Ryerson Limited (TSX:MHR)

Attention: Business/Financial Editors

Notice is hereby given that a quarterly dividend of 28.5¢ per common share has been declared payable on June 2, 2011, to shareholders of record at the close of business on May 12, 2011. This is an increase over the previous quarterly dividend of 27.0¢ per share, which has been in effect since May 2010.

McGraw-Hill Ryerson is also announcing an additional one-time dividend of $5.00 per common share, declared payable on June 2, 2011, to shareholders of record at the close of business on May 12, 2011.

Dividends declared and paid by McGraw-Hill Ryerson Ltd. are "eligible" dividends, as that term is defined by the Canadian Revenue Agency (CRA).