Kewaunee Scientific Corporation Raises Quarterly Dividend 15%

STATESVILLE, N.C., Aug. 31, 2016 /PRNewswire/ -- Kewaunee Scientific Corporation (Nasdaq: KEQU) announced today its Board of Directors approved a fifteen percent increase in the quarterly cash dividend to fifteen cents per outstanding share from thirteen cents per outstanding share, payable on September 26, 2016 to stockholders of record at the close of business on September 12, 2016. We are confident the recent improvements in our financial results reflect sustainable operating improvements in our core business. As a result, we are increasing our quarterly dividend by two cents.

About Kewaunee Scientific Founded in 1906, Kewaunee Scientific Corporation is a recognized global leader in the design, manufacture, and installation of laboratory, healthcare, and technical furniture products. Products include steel, wood, and laminate casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin worksurfaces and sinks.

The Company's corporate headquarters is located in Statesville, North Carolina. Direct sales offices are located in the United States, India, Singapore, and China. Three manufacturing facilities are located in Statesville serving the domestic and international markets, and one manufacturing facility is located in Bangalore, India serving the local and Asian markets. The Company's China headquarters, sales office, and assembly operation are located in Suzhou Industrial Park, China. Kewaunee Scientific's website is located at http://www.kewaunee.com.

Contact:  Thomas D. Hull III                704/871-3290

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SOURCE Kewaunee Scientific Corporation