A. Schulman Inc. raises dividend nearly 12 percent

Published: March 30, 2012 6:00 am ET

Related to this story

Topics Materials, Suppliers

FAIRLAWN, OHIO (March 30, 11:10 a.m. ET) — Directors of A. Schulman Inc. have raised the company’s quarterly dividend by 2 cents a share, to a new rate of 19 cents.

The Fairlawn-based compounder and distributor said the increased dividend is payable May 1 to stockholders of record April 19.

“In raising the quarterly dividend, we are continuing to deliver on our commitment to create value for our shareholders through potential share appreciation and a prudent return of cash,” Joseph M. Gingo, A. Schulman chairman, president and CEO, said in a statement.

“When combined with our earlier dividend increase announced on Oct. 14, 2011, our quarterly dividend is now 22.6 percent higher than in the same period last year,” Gingo said. “This latest dividend increase reflects our confidence in the ability of our business to generate cash and brings our annual yield to approximately 2.8 percent.”


Comments

A. Schulman Inc. raises dividend nearly 12 percent

Published: March 30, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Blow molding machinery maker opens first plant in Taiwan

October 1, 2014 1:27 pm ET

Taiwanese equipment maker Kin Precision Industry Co. Ltd. has opened a 2,000-square-meter, 25-employee factory in Taichung, Taiwan, with an eye to...    More

Image

Global Plastics Summit puts PE prices in the spotlight

October 1, 2014 3:17 pm ET

Product manufacturers may start to shift away from polyethylene because of high prices, according to two major plastics processors.    More

Image

Speaker: Many issues can affect multi-cavity molds

October 1, 2014 2:02 pm ET

There are several conditions necessary across all cavities of a multi-cavity mold to ensure that all parts are produced the same. These include...    More

Image

Nucleation offers solution to shrinkage in HDPE closures

October 1, 2014 1:57 pm ET

For caps producers, nucleation can provide a practical solution to eliminate shrinkage variations in high density polyethylene beverage closures....    More

Image

Dow loses appeal in price fixing case

October 1, 2014 11:10 am ET

The Reuters press agency reports that a federal appeals court in Denver has rejected Dow Chemical Co.'s attempt to overturn a $1.06 billion fine impos...    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events