Synalloy (SYNL) Raises Annual Dividend 92.3% to $0.25; Terminates ATM Offering Program
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Synalloy Announces Dividend Payment and Termination of the At-the-Market Equity Offering Program
November 16, 2018 8:30 AM ESTRICHMOND, Va., Nov. 16, 2018 (GLOBE NEWSWIRE) -- Synalloy Corporation is pleased to announce that its Board of Directors has declared an annual dividend payment of $0.25 per share, payable on December 12, 2018 to holders of record on November 30, 2018. This represents a 92% increase over the prior years annual dividend of $.13 per share. 2018 will be a record year for the Company, by far, in terms of both sales and profits, said Craig C. Bram, President and CEO. Distributing a portion of these profits to our shareholders is a practice that will continue when our financial results exceed our projected capital requirements, said Bram.
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