Empire Resources Declares Regular Dividend for the Second Quarter of 2008 and Announces New Hulamin Agreement
25 Giugno 2008 - 3:30PM
PR Newswire (US)
FORT LEE, N.J., June 25 /PRNewswire-FirstCall/ -- Empire Resources,
Inc. (AMEX:ERS), announced that its Board of Directors has declared
a cash dividend of $0.05 per share. The dividend is payable on July
16, 2008 to stockholders of record at the close of business on July
8, 2008. The Board of Directors intends to review its dividend
policy on a quarterly basis and a determination by the Board of
Directors will be made subject to profitability, free cash flow and
the other requirements of the business. The Company also announced
a new agreement with Hulamin Rolled Products, its largest supplier,
which takes effect on August 10, 2008 following the expiration of
the previous agreement. Under the new agreement Hulamin will
continue to work closely with Empire Resources to satisfy market
requirements; however Hulamin may also sell products directly into
the North American market. Empire Resources, Inc., is a distributor
of a wide range of semi-finished aluminum products to customers in
the transportation, automotive, housing, appliance and packaging
industries in the United States, Canada, Europe, Australia, and New
Zealand. DATASOURCE: Empire Resources, Inc. CONTACT: David Kronfeld
of Empire Resources, Inc., +1-917-408-1940, Web site:
http://www.empireresources.com/
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