Met-Pro Corporation Announces 8% Cash Dividend Increase
Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE: MPR), announced today that the Company's Board of Directors, at their meeting today, declared an 8% cash dividend increase which will be payable on December 16, 2011 to shareholders of record at the close of business on December 2, 2011.
Beginning with the December 16, 2011 payment, Met-Pro's quarterly dividend will be $0.071 per share, an 8% increase, or $0.284 per share on an annualized basis.
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