Houston Wire & Cable Company Announces Dividend Increase
05 Mai 2011 - 2:15PM
Marketwired
Houston Wire & Cable Company (NASDAQ: HWCC) announced today
that its Board of Directors has approved a 5.9% increase in the
Company's quarterly cash dividend. The dividend will increase to
$0.09 per share, from $0.085 per share in the previous quarter.
Payments will be made on May 27, 2011 to shareholders of record of
Common Stock at the close of business on May 13, 2011.
"This increase in our dividend reflects the growth in our
business as well our confidence in the long-term strength of
Houston Wire & Cable. We are pleased to continue sharing our
successes with shareholders," commented Chuck Sorrentino, Chief
Executive Officer.
About the Company
With 35 years experience in the industry, Houston Wire &
Cable Company is one of the largest providers of wire and cable in
the U.S. market. Headquartered in Houston, Texas, HWCC has sales
and distribution facilities strategically located throughout the
nation.
Standard stock items available for immediate delivery include
continuous and interlocked armor, instrumentation, medium voltage,
high temperature, portable cord, power cables, private branded
products, including LifeGuard™, a low-smoke, zero-halogen cable,
mechanical wire and cable and related hardware, including wire
rope, lifting products and synthetic rope and slings. HWCC's
comprehensive value-added services include same-day shipping,
knowledgeable sales staff, inventory management programs,
just-in-time delivery, logistics support, customized internet-based
ordering capabilities and 24/7/365 service.
Forward-Looking Statements
This release contains comments concerning management's view of
the Company's future expectations, plans and prospects that
constitute forward-looking statements for purposes of the safe
harbor provisions under the Private Securities Litigation Reform
Act of 1995. Investors are cautioned that forward-looking
statements are inherently uncertain and projections about future
events may, and often do, vary materially from actual results.
Other risk factors that may cause actual results to differ
materially from statements made in this press release can be found
in the Company's Annual Report on Form 10-K and other documents
filed with the SEC. These documents are available under the
Investor Relations section of the Company's website at
www.houwire.com.
Any forward-looking statements speak only as of the date of this
press release and the Company undertakes no obligation to publicly
update such statements.
CONTACT: Hope M. Novosad Manager - Investor Relations Direct:
713.609.2110 Fax: 713.609.2168 Email Contact
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