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Article: Sauer-Danfoss Inc. Announces Increased Quarterly Dividend.
- Article from:
- PR Newswire
- Article date:
- September 23, 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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Sauer-Danfoss Inc. (NYSE: SHS; FSE: SAR) today announced that its board of directors increased its quarterly dividend to $0.10 per share, an increase of 43% over the Company's current quarterly dividend of $0.07 per share. The dividend, for the quarter ended September 30, 2004, is payable on October 15, 2004, to stockholders of record as of October 1, 2004.
David Anderson, President and Chief Executive Officer stated, "This increased dividend reflects our strong cash flow and financial performance as well as management's confidence in our future prospects."
This is the 26th consecutive quarterly dividend paid by the Company since its initial public ...