On October 21, the board of directors approved a quarterly dividend of 45c per outstanding common share, an increase of 13%, for an expected aggregate payment of $38.1M to be paid on January 15, 2025, to shareholders of record at the close of business on December 31. The board of directors approved the renewal of TFI International’s (TFII) normal course issuer bid, or NCIB. Under the renewed NCIB, the company may purchase for cancellation a maximum of 7,918,103 common shares from November 2 to November 1, 2025. The renewed NCIB is subject to approval of the Toronto Stock Exchange.
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