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Article: GREAT LAKES CHEMICAL INCREASES DIVIDEND
- Article from:
- PR Newswire
- Article date:
- September 5, 1995
CopyrightCOPYRIGHT 1995 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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WEST LAFAYETTE, Ind., Sept. 5 /PRNewswire/ -- Great Lakes Chemical Corporation (NYSE: GLK) today announced that the Board of Directors increased the company's regular quarterly dividend from $.105 to $.115 per share, payable on October 31, 1995, to the holders of record of the common stock of the corporation on October 2. This marks the second increase in the last twelve months and raises the annualized dividend rate to $.46, or 21 percent higher than the $.38 paid last year.
The company recently reported record sales and earnings for the first six months of the year. For the second quarter, net income of $78.5 million grew 25 percent on a per share basis to $1.20 ...