CLARCOR Increases Quarterly Dividend by 12.5%Names New Chairman and Lead Director
27 September 2012 - 1:11AM
Business Wire
At its regular quarterly meeting held on September 25, 2012, the
Board of Directors of CLARCOR Inc. (NYSE: CLC) resolved to increase
the company’s regular quarterly dividend by 12.5%, from $0.12 per
share of common stock to $0.135 per share of common stock. This
continues the company’s consecutive streak of increasing dividends
every year since 1983. The Board resolved to pay the new $0.135 per
share dividend on Friday, October 19, 2012 to shareholders of
record on Monday, October 8, 2012.
The Board also announced that it has appointed Christopher
Conway, CLARCOR’s current President, Chief Executive Officer and
Director, to the position of Chairman of the Board, and appointed
independent director Robert Burgstahler to the newly created
position of Lead Director. Both appointments will become effective
upon the retirement of the company’s current Executive Chairman,
Norm Johnson, which is scheduled to occur at the end of November
2012.
CLARCOR is based in Franklin, Tennessee and is a diversified
marketer and manufacturer of mobile, industrial and environmental
filtration products and consumer and industrial packaging products
sold in domestic and international markets. Common shares of the
Company are traded on the New York Stock Exchange under the symbol
CLC.
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