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Superior Industries International,
SUP today announced that its
board of directors approved an accelerated payment of the 2013 regular cash
dividends into 2012.
The company will distribute a cash dividend on the common stock of the
corporation in the amount of $0.64 per share, payable December 28, 2012 to
shareholders of record as of December 21, 2012. This accelerated dividend is
intended by the board to be in lieu of regular quarterly dividends that the
company otherwise would have paid in calendar year 2013. The annual dividend
rate per share in 2013 is unchanged from the rate in 2012.
“Our board of directors decided to accelerate the payment of dividends due to
uncertainty regarding dividend tax rates in 2013,” said Steven J. Borick,
Chairman, Chief Executive Officer and President. “We are pleased to be in the
position to mitigate a potential increase in tax burden for many of our
shareholders, and at the same time maintain our strong balance sheet and
liquidity.”
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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