Ocean Bio-Chem (OBCI) Declares $0.06 Special Dividend; 2.6% Yield

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Ocean Bio-Chem, Inc. Declares Special Cash Dividend of $0.06 Per Share, 2015 Financial Results Reported

March 31, 2016 8:30 AM EDT

FORT LAUDERDALE, Fla., March 31, 2016 /PRNewswire/ -- Ocean Bio-Chem, Inc. (NASDAQ: OBCI) announced today that its Board of Directors has declared a special cash dividend of $0.06 per share, payable on April 26, 2016 to holders of record of the Company's common stock on April 12, 2016.  

Ocean Bio-Chem, Inc. President and CEO Peter Dornau stated: "We are pleased to be able to offer our shareholders the second cash dividend in our Company's history. Two years ago, we provided a $0.05 per share cash dividend, and we believe that this second dividend demonstrates Ocean Bio-Chem's continued solid... More