Altra Holdings, Inc. Initiates Quarterly Dividend
Altra Holdings, Inc. (Nasdaq: AIMC), a leading global supplier of electromechanical power transmission and motion control products, today announced that its Board of Directors has approved the payment of a quarterly cash dividend of $0.05 per share for the second quarter of 2012 – the first dividend in the Company's history.
The initial dividend will be paid on July 2, 2012 to shareholders of record as of the close of business on June 18, 2012. Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board's continuing determination that the declaration of dividends are in the best interests of Altra's shareholders and are in compliance with all laws and agreements of Altra applicable to the declaration and payment of cash dividends. Future dividends may be adjusted at the Board's discretion based on market conditions and capital availability.
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