FORT LEE, N.J., June 25 /PRNewswire-FirstCall/ -- Empire Resources, Inc. (AMEX:ERS), announced that its Board of Directors has declared a cash dividend of $0.05 per share. The dividend is payable on July 16, 2008 to stockholders of record at the close of business on July 8, 2008. The Board of Directors intends to review its dividend policy on a quarterly basis and a determination by the Board of Directors will be made subject to profitability, free cash flow and the other requirements of the business.
The Company also announced a new agreement with Hulamin Rolled Products, its largest supplier, which takes effect on August 10, 2008 following the expiration of the previous agreement. Under the new agreement Hulamin will continue to work closely with Empire Resources to satisfy market requirements; however Hulamin may also sell products directly into the North American market.
Empire Resources, Inc., is a distributor of a wide range of semi-finished aluminum products to customers in the transportation, automotive, housing, appliance and packaging industries in the United States, Canada, Europe, Australia, and New Zealand. DATASOURCE: Empire Resources, Inc.
CONTACT: David Kronfeld of Empire Resources, Inc., +1-917-408-1940, Web site: http://www.empireresources.com/
|