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Dividends

Student Transportation Inc's policy is to distribute its available cash to the maximum extent possible by way of equal monthly dividends and interest.

Dividends are declared on a quarterly basis and are paid on a monthly basis. Shareholders of record on the last business day of a calendar month will receive dividends on the fifteenth day (or the next business day if the fifteenth is not a business day) of the next calendar month, or such other date as may be determined from time to time by the directors of Student Transportation Inc.

Dividend Income Tax Information

Tax information is provided only for the general use of security holders, and is a summary only. For tax planning or professional advice, please consult a qualified professional. For more information, please consult Student Transportation Inc.'s most recent Form T5 as filed in the Financial Reports section.

STI designates these dividends to be "eligible dividends" pursuant to subsection 89 (14) of the Income Tax Act (Canada) and its equivalent in any provinces of Canada. These dividends should be considered "qualified dividends" from a U.S. Tax perspective under section 1 (h) (II) of the Internal Revenue Code of 1986, as amended, subject to the shareholder meeting and the holding period requirement to claim the qualified dividend treatment.


2014

Record Date Payment Date $/Common Share
June 30, 2014 July 15, 2014 $0.04636833
May 31, 2014 June 16, 2014 $0.04636833
April 30, 2014 May 15, 2014 $0.04636833
March 31, 2014 April 15, 2014 $0.04636833
February 28, 2014 March 17, 2014 $0.04636833
January 31, 2014 February 17, 2014 $0.04636833
December 31, 2013 January 15, 2014 $0.04636833

2013

Record Date Payment Date $/Common Share
February 28, 2014 March 17, 2014 $0.04636833
January 31, 2014 February 17, 2014 $0.04636833
December 31, 2013 January 15, 2014 $0.04636833
November 29, 2013 December 16, 2013 $0.04636833
October 31, 2013 November 15, 2013 $0.04636833
September 30, 2013 October 15, 2013 $0.04636833
August 31, 2013 September 16, 2013 $0.04636833
July 31, 2013 August 15, 2013 $0.04636833
June 30, 2013 July 15, 2013 $0.04636833
May 31, 2013 June 17, 2013 $0.04636833
April 30, 2013 May 15, 2013 $0.04636833
March 31, 2013 April 15, 2013 $0.04636833
February 28, 2013 March 15, 2013 $0.04636833
January 31, 2013 February 15, 2013 $0.04636833

2012

Record Date Payment Date $/Common Share
December 31, 2012 January 15, 2013 $0.04636833
November 30, 2012 December 17, 2012 $0.04636833
October 31, 2012 November 15, 2012 $0.04636833
September 28, 2012 October 15, 2012 $0.04636833
August 31, 2012 September 17, 2012 $0.04636833
July 31, 2012 August 15, 2012 $0.04636833
June 29, 2012 July 16, 2012 $0.04636833
May 31, 2012 Jun. 15, 2012 $0.04636833
Apr. 30, 2012 May 15, 2012 $0.04636833
Mar. 30, 2012 Apr. 16, 2012 $0.04636833
Feb. 29, 2012 Mar. 15, 2012 $0.04636833
Jan. 31, 2012 Feb. 15, 2012 $0.04636833

2011

Record Date Payment Date $/Common Share
Dec. 30, 2011 Jan. 16, 2012 $0.04636833
Nov. 30, 2011 Dec. 15, 2011 $0.04636833
Oct. 31, 2011 Nov. 15, 2011 $0.04636833
Sep. 30, 2011 Oct. 17, 2011 $0.04636833
Aug. 31, 2011 Sep. 15, 2011 $0.04636833
Aug. 31, 2011 Sep. 15, 2011 $0.04636833
Jul. 29, 2011 Aug. 15, 2011 $0.04636833
Jun. 30, 2011 Jul. 15, 2011 $0.04636833
May 31, 2011 Jun. 15, 2011 $0.04636833
Apr. 29, 2011 May 16, 2011 $0.04636833
Mar. 31, 2011 Apr. 15, 2011 $0.04636833
Feb. 28, 2011 Mar. 15, 2011 $0.04636833
Jan. 31, 2011 Feb. 15, 2011 $0.04636833

2010

Record Date Payment Date $/Common Share $/Note $/Unit
Dec. 31, 2010 Jan. 17, 2011 $0.04636833 n/a n/a
Nov. 30, 2010 Dec. 15, 2010 $0.04636833 n/a n/a
Oct. 29, 2010 Nov. 15, 2010 $0.04636833 n/a n/a
Sep. 30, 2010 Oct. 15, 2010 $0.04636833 n/a n/a
Aug. 31, 2010 Sep. 15, 2010 $0.04636833 n/a n/a
Jul. 20, 2010 Aug. 16, 2010 $0.04636833 n/a n/a
Jun. 30, 2010 Jul. 15, 2010 $0.04636833 n/a n/a
May. 31, 2010 Jun. 15, 2010 $0.04636833 n/a n/a
Apr. 30, 2010 May 17, 2010 $0.04636833 n/a n/a
Mar. 31, 2010 Apr. 15, 2010 $0.04636833 n/a n/a
Feb. 26, 2010 Mar. 15, 2010 $0.04636833 n/a n/a
Jan. 29, 2010 Feb. 16, 2010 $0.04636833 n/a n/a

2009

Record Date Payment Date $/Common Share $/Note $/Unit
Dec. 31, 2009 Jan. 15, 2010 $0.04636833 n/a n/a
Nov. 30, 2009 Dec. 15, 2009 $0.04636833 $0.04488167 n/a
Oct. 30, 2009 Nov. 16, 2009 $0.04636833 $0.04488167 n/a
Sep. 30, 2009 Oct. 15, 2009 $0.04636833 $0.04488167 n/a
Aug. 31, 2009 Sep. 15, 2009 $0.04636833 $0.04488167 n/a
Jul. 31, 2009 Aug. 17, 2009 $0.04636833   $0.09125000
Jun. 30, 2009 Jul. 15, 2009 $0.04636833   $0.09125000
May 29, 2009 Jun. 15, 2009 $0.04636833   $0.09125000
Apr. 30, 2009 May 15, 2009 $0.04636833   $0.09125000
Mar. 31, 2009 Apr. 15, 2009 $0.04636833   $0.09125000
Feb. 27, 2009 Mar. 16, 2009 $0.04636833   $0.09125000
Jan. 30, 2009 Feb. 16, 2009 $0.04636833   $0.09125000

2008

Record Date Payment Date $/Unit $/Common Share
Dec. 31, 2008 Jan. 15, 2009 $0.09125000 $0.04636833
Nov. 28, 2008 Dec. 15, 2008 $0.09125000 $0.04636833
Oct. 31, 2008 Nov. 17, 2008 $0.09125000 $0.04636833
Sep. 30, 2008 Oct. 15, 2008 $0.09125000 $0.04636833
Aug. 29, 2008 Sep. 15, 2008 $0.09125000 $0.04636833
Jul. 31, 2008 Aug. 15, 2008 $0.09125000 $0.04636833
Jun. 30, 2008 Jul. 15, 2008 $0.09125000 $0.04636833
May 31, 2008 Jun. 16, 2008 $0.09125000 $0.04636833
Apr. 30, 2008 May 15, 2008 $0.09125000 $0.04636833
Mar. 31, 2008 Apr. 15, 2008 $0.09125000 $0.04636833
Feb. 29, 2008 Mar. 17, 2008 $0.09125000 $0.04636833
Jan. 31, 2008 Feb. 15, 2008 $0.09125000 $0.04636833
Dec. 31, 2007 Jan. 15, 2008 $0.09125000 $0.04636833

2007

Record Date Payment Date $/Unit
Nov. 30, 2007 Dec. 17, 2007 $0.09125000
Oct. 31, 2007 Nov. 15, 2007 $0.09125000
Sept. 28, 2007 Oct. 15, 2007 $0.09125000
Aug. 31, 2007 Sept. 17, 2007 $0.09125000
Jul. 31, 2007 Aug. 15, 2007 $0.09125000
Jun. 29, 2007 Jul. 16, 2007 $0.09125000
May 31, 2007 Jun. 15, 2007 $0.09125000
Apr. 30, 2007 May 15, 2007 $0.04636833
Mar. 31, 2007 Apr. 16, 2007 $0.09125000
Feb. 28, 2007 Mar. 15, 2007 $0.09125000
Jan. 31, 2007 Feb. 15, 2007 $0.09125000
Dec. 29, 2006 Jan. 16, 2007 $0.09125000

2006

Record Date Payment Date $/Unit
Nov. 30, 2006 Dec. 15, 2006 $0.09125000
Oct. 31, 2006 Nov. 15, 2006 $0.09125000
Sept. 29, 2006 Oct. 16, 2006 $0.09125000
Aug 31, 2006 Sept. 15, 2006 $0.09125000
July 31, 2006 Aug. 15, 2006 $0.09125000
June 30, 2006 July 17, 2006 $0.09125000
May 31, 2006 Jun. 15, 2006 $0.08958333
Apr. 28, 2006 May 15, 2006 $0.08958333
Mar. 31, 2006 Apr. 17, 2006 $0.08958333
Feb. 28, 2006 Mar. 15, 2006 $0.08958333
Jan. 31, 2006 Feb. 15, 2006 $0.08958333
Dec. 30, 2005 Jan. 16, 2006 $0.08958333

2005

Record Date Payment Date $/Unit
Nov. 30, 2005 Dec. 15, 2005 $0.08958333
Oct. 31, 2005 Nov. 15, 2005 $0.08958333
Sept. 30, 2005 Oct. 14, 2005 $0.08958333
Aug. 31, 2005 Sept. 15, 2005 $0.08958333
July 29, 2005 Aug. 15, 2005 $0.08958333
June 30, 2005 July 15, 2005 $0.08958333
May 31, 2005 June 15, 2005 $0.08958333
Apr. 28, 2005 May 15, 2005 $0.08958333
Mar. 31, 2005 Apr. 15, 2005 $0.08958333
Feb. 28, 2005 Mar. 15, 2005 $0.08958333
Jan. 31, 2005 * Feb.15, 2005 $0.12198

* Distribution period reflects partial monthly distribution period from initial public offering on Dec 21, 2004.