MOSCOW (MRC) -- The Board of Directors of A. Schulman, Inc., a leading international supplier of high-performance plastic compounds and resins, has declared a regular quarterly cash dividend of USD0.20 per common share, as per the company's press release.
The company's quarterly cash dividend will be payable May 1, 2014, to shareholders of record on April 18, 2014.
As MRC informed previously, in October 2013, the Board of Directors of A. Schulman, Inc., declared a regular quarterly cash dividend of USD0.20 per common share, payable November 4, 2013. This represented a 2.6% increase over the prior quarter's dividend payout. Then, the dividend on an annualized basis stood at USD0.80 per share and represented a yield of approximately 3%.
As reported earlier, in September 2013, A. Schulman, Inc. purchased the Perrite Group, a thermoplastics manufacturing business with operations in Malaysia, the United Kingdom and France, for approximately USD52 million. The acquisition is expected to increase revenues in A. Schulman's Asia Pacific (APAC) segment by 35% and will double the size of the company's existing Engineered Plastics business in the region.
A. Schulman, Inc. is a leading international supplier of high-performance plastic compounds and resins headquartered in Akron, Ohio. The company's customers span a wide range of markets such as packaging, mobility, building & construction, electronics & electrical, agriculture, personal care & hygiene, sports, leisure & home, custom services and others. The company employs approximately 3,300 people and has 34 manufacturing facilities globally. A. Schulman reported net sales of USD2.1 billion for the fiscal year ended August 31, 2013.
MRC