CLARCOR Increases Quarterly Dividend by 26%
30 September 2013 - 10:19PM
Business Wire
At its regular quarterly meeting held on September 30, 2013, the
Board of Directors of CLARCOR Inc. (NYSE: CLC) resolved to increase
the company’s regular quarterly dividend by approximately 26%, from
$0.135 per share of common stock to $0.17 per share of common
stock. The Board further resolved to pay the new $0.17 per share
dividend on Friday, October 18, 2013 to shareholders of record on
Friday, October 11, 2013.
Chris Conway, CLARCOR’s Chairman and Chief Executive Officer
said, “This 26% increase represents the largest percentage increase
in our dividend in at least the last 20 years, and continues the
company’s consecutive streak of increasing dividends every year for
the last 30 years. I am proud that we are able to return greater
amounts of cash to our shareholders while still maintaining the
capacity to make acquisitions, invest in capital projects and
undertaking repurchases of our shares.”
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. Further information on CLARCOR can be found at
www.clarcor.com.
CLARCOR Inc.David J. Fallon, 615-771-3100Chief Financial
Officer
Clarcor (NYSE:CLC)
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