BARRIE, Ontario, May 16, 2013 (GLOBE NEWSWIRE) -- Shareholders, managers and employees of Student Transportation Inc. ("STI") (TSX:STB) (Nasdaq:STB), North America's third-largest provider of school bus transportation services, celebrated the 100 th consecutive monthly cash dividend paid to shareholders since the company listed on the Toronto Stock Exchange (TSX) just over eight years ago.
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In a ceremonial event at the TSX on May 15, 2013, Student Transportation Inc. CEO Denis Gallagher presented an oversized check symbolizing the 100 th dividend payment to a long-time retail shareholder, Frank Oxley, who commented on the safety and reliability of the dividend and how impressed he has been with the company's track record of success. Gallagher credited public and shareholder trust with allowing the company to prosper and grow, and thanked Oxley for "representing all of the shareholders who have allowed us to build a tremendous company that now safely transports nearly one million students each school day.""Our dividend payments and total return have been real hallmarks of our success," Gallagher said. "Reaching this milestone is a tribute to our Board of Directors, our shareholders, dedicated management and outstanding employees."