Altra Holdings, Inc. 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in