CINCINNATI, Nov. 13, 2013 /PRNewswire/ -- CECO
Environmental Corp. (NasdaqGM: CECE), a leading global
environmental technology company focused on critical solutions in
the product recovery, air pollution control, fluid handling and
filtration industries, today announced that its Board of
Directors has declared a quarterly cash dividend of $0.05 per share. The dividend will be paid on
December 31, 2013, to all
shareholders of record at the close of business on December 17, 2013. CECO initiated a Dividend
Reinvestment Plan ("DRIP") in 2012 that provides for the voluntary
reinvestment of dividends by its stockholders.
ABOUT CECO ENVIRONMENTAL
CECO Environmental is a leading global environmental technology
company focused on critical solutions in the product recovery, air
pollution control, fluid handling and liquid filtration segments.
Through its well-known brands, CECO provides a wide spectrum of
products and services including dampers & diverters, cyclonic
technology, thermal oxidizers, filtration systems, scrubbers, fluid
handling equipment and plant engineered services and engineered
design build fabrication. These products play a vital role in
helping companies achieve exacting production standards, meeting
increasing plant needs and stringent emissions control regulations
around the globe. CECO globally serves the broadest range of
markets and industries including power, municipalities, chemical,
industrial manufacturing, refining, petrochemical, metals, minerals
& mining, hospitals and universities. CECO is focused on
building long-term shareholder value by bringing its unique
technology, portfolio and operational excellence to strategic key
growth markets around the world, while maintaining the highest
standards of employee development, project execution and safety
leadership. CECO is listed on NASDAQ under the ticker symbol "CECE"
and is a member company of the Russell 2000 Index. For more
information on CECO Environmental, please visit the company's
website at http://www.cecoenviro.com.
Contact:
Corporate Information
Jeff Lang, Chief Executive
Officer
Neal Murphy, Chief Financial
Officer
1-800-333-5475
or
Investor Relations:
Shawn
Severson
The Blueshirt Group
Phone: (415) 489-2198
Email: Shawn@blueshirtgroup.com
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All forward-looking statements are subject to certain risks,
uncertainties and assumptions. These risks and uncertainties, which
are more fully described in CECO's Annual and Quarterly Reports
filed with the Securities and Exchange Commission, include, but are
not limited to: our dependence on fixed price contracts and the
risks associated therewith, including actual costs exceeding our
estimates and our method of accounting for contract revenue; our
history of losses and possibility of further losses; fluctuations
in operating results from period to period due to seasonality of
our business; the effect of growth on our infrastructure,
resources, and existing sales; our ability to expand our operations
in both new and existing markets; the potential for contract delay
or cancellation; the potential for fluctuations in prices for
manufactured components and raw materials; the impact of federal,
state or local government regulations; economic and political
conditions generally; and the effect of competition in the air
pollution control and industrial ventilation industry. Should one
or more of these risks or uncertainties materialize, or should the
assumptions prove incorrect, actual results may vary in material
aspects from those currently anticipated. Investors are cautioned
not to place undue reliance on such forward-looking statements as
they speak only to our views as of the date the statement is made.
Except as required by law, we undertake no obligation to publicly
update or revise any forward-looking statements, whether because of
new information, future events or otherwise.
SOURCE CECO Environmental Corp.