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IPSCO Inc. Announces Cash Dividend

8 February 1999

IPSCO Inc. Announces Cash Dividend


    REGINA, SASKATCHEWAN--Feb. 5, 1999--IPSCO Inc. (TSE:IPS.) (Alberta Stock Exchange:IPS.) IPSCO Inc. today announced a cash dividend on its common shares of $0.125 (Canadian) per share payable March 31, 1999 to shareholders of record as at March 10, 1999. The company also announced a cash dividend of $0.3438 (Canadian) per Cumulative Redeemable First Preferred Share, Series 1 payable May 15, 1999 to shareholders of record as at April 30, 1999.
    This news release contains forward-looking information with respect to IPSCO's operations and beliefs. Actual results may differ from these forward looking statements due to numerous factors, including those discussed in IPSCO's 1997 Annual Report for its fiscal year ended Dec. 31, 1997.