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Article: MTS Systems Corporation Increases Dividend by 33%.
- Article from:
- PR Newswire
- Article date:
- August 25, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MTS Systems Corporation today announced that its Board of Directors has declared a fourth quarter dividend of 8 cents per share, a 33% increase in the quarterly common dividend. The dividend represents MTS Systems Corporation's 91st consecutive quarterly dividend.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020430/MTSCLOGO )
"This dividend increase reflects management and the Board's confidence in MTS' financial position, strong cash flow and business momentum worldwide," said Sidney W. Emery, Jr., Chairman and Chief Executive Officer. "We have strong market positions in our two business segments with solid strategies to profitably grow our market ...