Smith-Midland Corporation (SMID) Declares $0.01 Special Dividend; 0.2% Yield

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Go back to Smith-Midland Corporation (SMID) Declares $0.01 Special Dividend; 0.2% Yield

Smith-Midland Corporation Declares Special Dividend

December 22, 2016 4:32 PM EST

MIDLAND, Va.--(BUSINESS WIRE)-- The Smith-Midland Corporation (OTCQX: SMID) announced that the Board of Directors declared a special dividend of $0.01 per share to be paid on January 13, 2017 to shareholders of record as of December 30, 2016.

While the special dividend is less than the dividends of the last four years, Smith-Midland Corporation is in the process of evaluating its current requirements for purchasing new machinery, equipment and... More