Kaydon Corporation Announces Increased Third Quarter Dividend
ANN ARBOR, Mich.–(EMWPresswire)–Kaydon Corporation (NYSE:KDN) today announced that its Board of
Directors declared a 13.3 percent increase in its regular quarterly
dividend, to $.17 per share from $.15 per share. The dividend is payable
on September 29, 2008 to shareholders of record as of the close of
business on September 8, 2008. The indicated annual dividend rate will
now be $.68 per share.
The Company expects to periodically reevaluate the cash dividend in
future periods and will consider its future earnings and cash flow,
on-going capital needs, and alternatives for shareholder returns when
determining the actual amount of future dividends.
Kaydon Corporation is a leading designer and manufacturer of
custom-engineered, performance-critical products, supplying a broad and
diverse group of alternative-energy, industrial, aerospace, medical and
electronic equipment, and aftermarket customers.
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