Badger Announces Fourth Quarter 2024 Cash Dividend

CALGARY, Alberta, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Badger Infrastructure Solutions Ltd. (“Badger”, the “Company”, “we”, “our” or “us”) (TSX:BDGI) is pleased to announce its fourth quarter 2024 cash dividend.

Fourth Quarter 2024 Cash Dividend

Badger today announced that the Board of Directors of Badger approved a quarterly cash dividend for the fourth quarter of 2024 of $0.18 per common share, which equates to $0.72 per common share on an annualized basis. Payment will be made on or about January 15, 2025, to shareholders of record on December 31, 2024.

Badger expects that the dividend will be an “eligible dividend” for Canadian income tax purposes and thus qualify for the enhanced gross-up and tax credit regime for certain shareholders.

About Badger Infrastructure Solutions Ltd.

Badger Infrastructure Solutions Ltd. (TSX:BDGI) is North America’s largest provider of non-destructive excavating services. Badger works for contractors and facility owners in a broad range of infrastructure industries and in general commercial construction. Badger’s customers typically operate near high concentrations of underground power, communication, water, gas and sewer lines, where safety and economic risks are high and where non-destructive excavation provides a safe alternative for certain customer excavation requirements.

The Company’s key technology is the Badger Hydrovac™, which is used primarily for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquify the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. Badger is unique in the non-destructive excavation industry because it designs and manufactures all of its hydrovac units at its plant in Red Deer, Alberta, which has an annual production capacity of more than 350 hydrovac units. To complement the Badger Hydrovac, the Company has a select number of specialty units, mainly Airvacs, combo trucks and sewer and flusher units.

For further information:

Robert Blackadar, President and Chief Executive Officer

Robert Dawson, Chief Financial Officer

Badger Infrastructure Solutions Ltd.

ATCO Centre II

Suite 400, 919 - 11th Avenue SW

Calgary, Alberta T2R 1P3

Telephone (403) 264-8500

Source: Badger Infrastructure Solutions Ltd.