WSI Industries (WSCI) Declares $0.04 Quarterly Dividend; 2.9% Yield

WSI Industries (NASDAQ: WSCI) declared a quarterly dividend of $0.04 per share, or $0.16 annualized.

The dividend will be payable on April 17, 2018, to stockholders of record on April 3, 2018, with an ex-dividend date of April 2, 2018.

The annual yield on the dividend is 2.9 percent.

CEO Michael Pudil commented: “We are also pleased to announce the reinstatement of our dividend program. WSI has a solid balance sheet and believes that it sees the stability ahead that will support a dividend. We believe that a consistent dividend program is a further sign of WSI’s financial strength and improved business outlook. It is our objective to reward our shareholders with cash dividends as well as increasing share appreciation while, at the same time, maintaining our strong financial position. We believe the dividend program helps us accomplish these goals.”

For a dividend history and other dividend-related data on WSI Industries (WSCI) click here.

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