Bairnco Announces Increase In Quarterly Cash Dividend From $.05 To $.06 Per Share
19 November 2004 - 6:46PM
PR Newswire (US)
Bairnco Announces Increase In Quarterly Cash Dividend From $.05 To
$.06 Per Share LAKE MARY, Fla., Nov. 19 /PRNewswire-FirstCall/ --
Bairnco Corporation (NYSE:BZ) today reported that its Board of
Directors has increased the quarterly cash dividend to $.06 per
share, from $.05 per share. The dividend is payable on January 3,
2005 to stockholders of record on the close of business on December
6, 2004. The Board increased the dividend based on the
Corporation's strong financial condition and the positive future
outlook. Bairnco Corporation is a diversified multinational company
that operates two distinct businesses - Arlon (Electronic Materials
and Coated Materials segments) and Kasco (Replacement Products and
Services segment). Arlon's principal products include high
technology materials for the printed circuit board industry, cast
and calendered vinyl film systems, custom-engineered laminates and
special silicone rubber compounds and components. Kasco's principal
products include replacement band saw blades for cutting meat,
fish, wood and metal, and on site maintenance primarily in the meat
and deli departments. Kasco also distributes equipment to the food
industry in France. (CONTACT: Larry C. Maingot, Bairnco
Corporation, Telephone: (407) 875-2222, ext. 230) "Safe Harbor"
Statement under the Private Securities Reform Act of 1995
Statements in this press release referring to the expected future
plans and performance of the Corporation are forward-looking
statements. Actual future results may differ materially from such
statements. Factors that could affect future performance include,
but are not limited to, changes in US or international economic or
political conditions, such as inflation or fluctuations in interest
or foreign exchange rates; disruptions in operations due to labor
disputes; the impact on production output and costs from the
availability of energy sources and related pricing; renegotiation
of the Corporation's Credit Agreement; changes in the pricing of
the products of the Corporation or its competitors; the market
demand and acceptance of the Corporation's existing and new
products; the impact of competitive products; changes in the market
for raw or packaging materials which could impact the Corporation's
manufacturing costs; changes in the product mix; the loss of a
significant customer or supplier; production delays or
inefficiencies; the costs and other effects of legal and
administrative cases and proceedings, settlements and
investigations; the ability to achieve anticipated revenue growth,
synergies and other cost savings in connection with acquisitions
and plant consolidations; the costs and other effects of complying
with environmental regulatory requirements; and losses due to
natural disasters where the Corporation is self-insured. While the
Corporation periodically reassesses material trends and
uncertainties affecting the Corporation's results of operations and
financial condition in connection with its preparation of its press
releases, the Corporation does not intend to review or revise any
particular forward-looking statement referenced herein in light of
future events. DATASOURCE: Bairnco Corporation CONTACT: Larry C.
Maingot, Bairnco Corporation, +1-407-875-2222, ext. 230 Web site:
http://www.bairnco.com/
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