Wellman, Inc. Declares Quarterly Dividend
May 15 2007 - 3:28PM
Business Wire
The Board of Directors of Wellman, Inc. (NYSE: WLM) declared a
quarterly dividend of $0.02 per share on the outstanding shares of
the Company�s common stock payable on June 15, 2007 to stockholders
of record as of the close of business on June 1, 2007. Wellman,
Inc. manufactures and markets high-quality polyester products,
including PermaClear� brand PET (polyethylene terephthalate)
packaging resins and Fortrel� brand polyester fibers.
Forward-Looking Statements Statements contained in this release
that are not historical facts are forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. In addition, words such as
"believes," "expects," "anticipates," and similar expressions are
intended to identify forward-looking statements. These statements
are made as of the date hereof based upon current expectations, and
we undertake no obligation to update this information contained
herein. These forward-looking statements involve certain risks and
uncertainties, including, but not limited to: reduced raw material
margins; availability and cost of raw materials; reduced sales
volumes; increase in costs; volumes of textile imports; prices and
volumes of polyester staple fiber and PET resin imports; the
actions of our competitors; the financial condition of our
customers; availability of financing, changes in financial markets,
interest rates, credit ratings, tax risks; inability to execute our
strategy; environmental risks and foreign currency exchange rates;
regulatory changes; U.S., European, Asian and global economic
conditions; work stoppages; levels of production capacity and
profitable operations of assets; prices of competing products;
natural disasters and acts of terrorism; and maintaining the
operations of our existing production facilities. Actual results
may differ materially from those expressed herein. Results of
operations in any past period should not be considered indicative
of results to be expected in future periods. Fluctuations in
operating results may result in fluctuations in the price of our
common stock. For a more complete description of the prominent
risks and uncertainties inherent in our business, see our Form 10-K
for the year ended December 31, 2006.
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