Global Brass & Copper (BRSS) Raises Quarterly Dividend 60% to $0.06; 0.7% Yield
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Global Brass and Copper Holdings, Inc. Reports Increase in Dividend and Second Quarter 2017 Financial Results
August 2, 2017 4:12 PM EDTHighlights
The Company declares a quarterly dividend of $0.06 per share, a 60% increase from its historical dividend of $0.0375 per share; Volume of 126.2 million pounds, a decrease of 4.2% year-over-year; Net income and diluted earnings per common share increased $7.7 million to $16.1 million and $0.34 per share to $0.73 per share, respectively; Adjusted EBITDA increased $11.4 million to $37.3 million year-over-year; Adjusted diluted earnings per common share increased to $0.82 from $0.43 in the prior year period; Year-over-year quarterly comparisons of... More