COPPELL, Texas, May 5, 2015 /PRNewswire/ -- Universal Power
Group, Inc., a Texas-based
supplier of batteries and related power accessories, and a
third-party logistics provider, today announced that its Board of
Directors has declared a special cash dividend of approximately
$0.10 per common share, payable on or
about May 27, 2015 to holders of
record as of May 12, 2015.
"Following our improved performance for fiscal 2014, I am
pleased that UPG's financial position has afforded us the ability
to declare this special, cash dividend, consistent with our
continuing commitment to provide a meaningful return to
shareholders," said Ian Edmonds,
President and CEO of UPG.
About Universal Power Group, Inc.
UPG is a leading supplier of batteries, power accessories, wire
and cable products, and a provider of supply chain solutions. UPG's
offerings include proprietary brands of industrial and consumer
batteries of all chemistries, chargers, jumpstarters, and other
power accessories. UPG's supply chain services include sourcing,
procurement, warehousing, inventory management, distribution and
fulfillment. Through its wholly owned subsidiaries, iTECH and
ProTechnologies, Inc., UPG's expanded offerings include the
manufacture of smart lithium-ion batteries, chargers, docking
stations, vehicle cradles and power subsystems for performance
critical applications. For more information, please visit the UPG
website at www.upgi.com.
Forward-Looking Statements
Statements in this press release that are not statements of
historical or current fact constitute "forward-looking statements."
Such forward-looking statements involve known and unknown risks,
uncertainties and other unknown factors that could cause the
Company's actual operating results to be materially different from
any historical results or from any future results expressed or
implied by such forward-looking statements. In addition to
statements that explicitly describe these risks and uncertainties,
readers are urged to consider statements that contain terms such as
"believes," "belief," "expects," "expect," "intends," "intend,"
"anticipate," "anticipates," "plans," "plan," to be uncertain and
forward-looking.
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SOURCE Universal Power Group, Inc.