Hammond Manufacturing Declares Quarterly Dividend

Hammond Manufacturing Company Limited (TSX: HMM.A) announced today that its Board of Directors has declared a dividend of $0.03 per Class A Subordinate Voting Share and $0.03 per Class B Common share. The dividend is payable on August 21, 2026, to shareholders of record as of the close of business on August 10, 2026.

The board has not adopted a formal dividend policy, and no decision has been made with respect to the declaration of any future dividend. This cautious approach reflects the company's focus on maintaining financial flexibility while rewarding shareholders.

For Canadian resident shareholders, Hammond Manufacturing designates the entire amount of this dividend as an "eligible dividend" as defined in subsection 89(1) of the Income Tax Act (Canada). This designation provides favorable tax treatment for eligible shareholders, potentially reducing their tax liability on dividend income. Shareholders are advised to consult their tax advisors regarding the implications of this designation.

Hammond Manufacturing Company Limited manufactures a broad range of products for the electronic and electrical products industry, including metallic and non-metallic enclosures, racks, small cases, outlet strips, surge suppressors and electronic transformers. The company's operations are primarily based in Guelph, Ontario.

This dividend announcement is significant as it provides a direct return to shareholders while the company refrains from committing to a long-term dividend policy. The lack of a formal policy allows the board to assess future cash needs and investment opportunities before deciding on further distributions. Investors may view this as a signal of prudent financial management, balancing shareholder returns with reinvestment in the business.

For more information, contact Robert F. Hammond, Chairman and CEO, at (519) 822-2960. The original release is available at NewMediaWire.