Ceradyne Initiates Quarterly Dividend of $0.15

Ceradyne, Inc. (NASDAQ: CRDN) announced today that its Board of Directors approved the initiation of a quarterly cash dividend to its shareholders. This is the first cash dividend paid to shareholders in the company's history.

A quarterly dividend of $0.15 per common share will be paid on March 20, 2012 to all shareholders of record as of the close of business on March 6, 2012.