MOSCOW (MRC) -- A. Schulman, Inc. has declared a regular quarterly cash dividend of USD0.205 per common share, payable November 4, 2016, to shareholders of record on October 24, 2016, as per the company's press release.
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, to shareholders of record on October 28, 2013. This represented a 2.6% increase over the prior quarter's dividend payout. The dividend on an annualized basis then stood at USD0.80 per share.
As MRC reported earlier, this week, A. Schulman, Inc. announced that it would expand its compounding capacity with the addition of a new sheet molding compound (SMC) production line in Germany. The new line will be operational by the end of 2017. Furthermore, in order to address increased demand from its European-based customers prior to operation of the new line, the company has opened an inventory facility in Slovenia.
A. Schulman is a global plastics supplier, headquartered in Akron, Ohio, and a leading international supplier of high-performance plastic compounds and resins, which are used as raw materials in a variety of markets. A. Schulman has 33 manufacturing facilities globally. A. Schulman's fiscal third-quarter earnings fell 69% amid continued sluggishness in European markets and higher-than-expected costs in Latin America, where the company has been consolidating its Brazilian operations. A. Schulman reported net sales of approximately USD2.4 billion for the fiscal year ended August 31, 2015.
MRC