Ceradyne Board Approves Regular Quarterly Dividend
Posted on May 17, 2012 at 06:30 AM EDT
COSTA MESA, CA -- (Marketwire) -- 05/17/12 -- Ceradyne, Inc. (NASDAQ: CRDN) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.15 per common share, payable June 19, 2012 to shareholders of record as of the close of business on June 5, 2012. This dividend follows the first cash dividend paid to shareholders in the company's history on March 20, 2012.
Joel P. Moskowitz, Ceradyne's chairman, chief executive officer and president commented: "We are very pleased to pay our second quarterly dividend. Although the Board of Directors will review our dividend payout each quarter, it is our intent that the Ceradyne dividend will be a regular quarterly event."
About Ceradyne, Inc.
In many high performance applications, products made of advanced technical ceramics meet specifications that similar products made of metals, plastics or traditional ceramics cannot achieve. Advanced technical ceramics can withstand extremely high temperatures, combine hardness with light weight, are highly resistant to corrosion and wear, and often have excellent electrical capabilities, special electronic properties and low friction characteristics. Additional information can be found at the Company's web site: www.ceradyne.com.
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