The Board of Directors of Linamar Corporation declared an eligible dividend for the quarter ended December 31, 2016 of CAD 0.12 per share on the common shares of the company, payable on or after April 17, 2017 to shareholders of record on April 3, 2017.

The company announced earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company announced sales of CAD 1,374.8 million compared to CAD 1,243.0 million for the same period a year ago. Operating earnings were CAD 147 million compared to CAD 131.4 million for the same period a year ago. Net earnings were CAD 116.1 million compared to CAD 95.3 million for the same period a year ago. Net earnings per diluted share were CAD 1.76 compared to CAD 1.45 for the same period a year ago. Capital expenditure was CAD 90 million. Net cash generated from operating activities was CAD 275.3 million. Free cash flow was CAD 185.1 million.

For the full year, the company announced sales of CAD 6,005.6 million compared to CAD 5,162.4 million for the same period a year ago. Operating earnings were CAD 696.8 million compared to CAD 597 million for the same period a year ago. Net earnings were CAD 522.1 million compared to CAD 436.7 million for the same period a year ago. Net earnings per diluted share were CAD 7.92 compared to CAD 6.63 for the same period a year ago.

The company is expecting the effective tax rate for 2017 to be in the range of 22% to 24%.