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Article: Schuff International to Retire Debt and Pay One-Time Cash Dividend.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Schuff International, Inc. (OTC: SHFK), a family of companies providing fully integrated steel construction services, announced that it is taking steps to increase its return to stockholders and reduce its indebtedness.
The company will pay a one-time dividend of $5.80 per share on December 9, 2009 to stockholders of record at the close of business on November 24, 2009. In addition, the company has reached an agreement with the holders of its $30,000,000 of Convertible Subordinated 7.00% Notes due 2013 providing for the holders, upon the cash payment of $7.5 million for early conversion, to convert the notes into shares of the company's Common Stock at the ...