Mercer Int'l (MERC) Declares $0.115 Quarterly Dividend; 3.7% Yield
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Mercer International Inc. Reports Strong 2017 First Quarter Results and Announces Quarterly Cash Dividend of $0.115
April 27, 2017 4:30 PM EDTNEW YORK, April 27, 2017 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) (TSX:MERC.U) today reported strong results for the first quarter ended March 31, 2017. Operating EBITDA* in the first quarter of 2017 increased by approximately 33% to $60.2 million from $45.3 million in the same quarter of 2016 and from $57.8 million in the prior quarter.
For the first quarter of 2017, net income increased to $9.7 million, or $0.15 per basic and diluted share, after giving effect to a loss of $10.7 million ($0.17 per basic and $0.16 per diluted share) on the redemption of our outstanding 7.0% senior notes due 2019 (the... More
