Ceradyne Board Approves Regular Quarterly Dividend
May 17 2012 - 6:30AM
Marketwired
Ceradyne, Inc. (NASDAQ: CRDN) announced today that its Board of
Directors declared a regular quarterly cash dividend of $0.15 per
common share, payable June 19, 2012 to shareholders of record as of
the close of business on June 5, 2012. This dividend follows the
first cash dividend paid to shareholders in the company's history
on March 20, 2012.
Joel P. Moskowitz, Ceradyne's chairman, chief executive officer
and president commented: "We are very pleased to pay our second
quarterly dividend. Although the Board of Directors will review our
dividend payout each quarter, it is our intent that the Ceradyne
dividend will be a regular quarterly event."
About Ceradyne, Inc. Ceradyne develops, manufactures and markets
advanced technical ceramic products and components for defense,
industrial, energy, automotive/diesel and commercial
applications.
In many high performance applications, products made of advanced
technical ceramics meet specifications that similar products made
of metals, plastics or traditional ceramics cannot achieve.
Advanced technical ceramics can withstand extremely high
temperatures, combine hardness with light weight, are highly
resistant to corrosion and wear, and often have excellent
electrical capabilities, special electronic properties and low
friction characteristics. Additional information can be found at
the Company's web site: www.ceradyne.com.
Forward-Looking Statements Except for the historical information
contained herein, this press release contains forward-looking
statements regarding future events and the future performance of
Ceradyne that involve risks and uncertainties that could cause
actual results to differ materially from those projected. Words
such as "anticipates," "believes," "plans," "expects," "intends,"
"future," and similar expressions are intended to identify
forward-looking statements. These risks and uncertainties are
described in the Company's Annual Report on Form 10-K for the
fiscal year ended December 31, 2011, and its quarterly Reports on
Form 10-Q, as filed with the U.S. Securities and Exchange
Commission. Readers are cautioned not to place undue reliance on
the forward-looking statements, which speak only as of the date
thereof.
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