STR Holdings (STRI) Declares $0.85 Special Dividend; 69.7% Yield

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Go back to STR Holdings (STRI) Declares $0.85 Special Dividend; 69.7% Yield

STR Holdings Closes Sale of Controlling Interest to Zhenfa Energy Group and Declares Special Dividend

December 15, 2014 4:22 PM EST

-- Zhenfa Energy to Strengthen STR Position in China -- -- Special Cash Dividend of $0.85 per Share to be paid on 1/2/15 --

ENFIELD, Conn., Dec. 15, 2014 (GLOBE NEWSWIRE) -- STR Holdings, Inc. (NYSE: STRI) ("STR" or the "Company") today announced that it sold approximately 27.6 million newly issued shares of common stock, representing a 51% interest in STR, for an aggregate purchase price of approximately $21.7 million to Zhen Fa New Energy (U.S.) Co., Ltd. ("Zhenfa"). As part of the transaction, the STR Board of Directors declared a special cash dividend... More