BUZZ-New Flyer Industries Inc: To raise annual dividend

Tue Nov 10, 2015 3:40pm EST
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** Manufacturer of heavy-duty transit buses' shares up 10.5 pct at C$23.46

** To raise annual dividend to 70 Canadian cents from 62 Canadian cents per share after completion of the acquisition of Motor Coach Industries International

** Company on Tuesday said it would buy Motor Coach for $455 mln; expects transaction to close by end of 2015

** Plans to move from monthly to quarterly dividend payment schedule

** Up to Monday's close, stock had risen 57 pct this year