[Financial and Operating Highlights]
[IPSCO Product At-a-Glance]
[Features]
[Letter to our Shareholders]
[Letter from our Chairman]
[Governance at IPSCO]
[Our Responsibilities]
[Financial and Operating Review]
[Shareholder and Corporate Information]
[Shaping Their Future]
[Form 10-K]
[Printed Version]
Form 10K - Note 17 page 1/1
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17    Dividends

Under the terms of the $1.1 billion financing entered into on December 1, 2006 ($500 million revolving credit facility, $250 million term loan facility, $350 million bridge loan facility), certain payments, including dividends on common shares, are subject to limitations. At December 31, 2006, future restricted payments are limited to $500,000.

Dividends on common shares totaled $32,581 (CDN $0.78 per share), $22,781 (CDN $0.56 per share) and $9,536 (CDN $0.25 per share) in 2006, 2005 and 2004, respectively.

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This is an interactive electronic version of IPSCO's 2006 Annual Report, and it is intended to be complete and accurate. The contents of this version are qualified in their entirety by reference to the printed version. A reproduction of the printed version is available in PDF format on this Web site.