Coleman Cable Initiates $0.02 Dividend
Coleman Cable, Inc. (Nasdaq: CCIX) (the "Company"), a leading manufacturer and innovator of electrical and electronic wire and cable products, announced that its board of directors has initiated a quarterly cash dividend for its common stockholders beginning with the quarter ended March 31, 2012.
The board of directors declared the initial quarterly dividend of $0.02 per common share, payable on May 30, 2012, to stockholders of record as of the close of business on May 15, 2012. Future declarations of quarterly dividends are subject to approval of the board of directors and may be adjusted as business needs or market conditions change. Gary Yetman, president and chief executive officer, commented, "The board's declaration of the Company's first quarterly dividend since becoming a public company in 2007 demonstrates its commitment to maximizing shareholder value. Furthermore, it confirms our confidence in the continuing stability of the Company's business and its expectations of growth based on its long-term strategy."
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