Wellman, Inc. Declares Quarterly Dividend
August 17 2007 - 9:47AM
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 September 17, 2007 to
stockholders of record as of the close of business on September 4,
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; natural disasters, 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; 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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