BEI Technologies Declares Quarterly Dividend
May 13 2005 - 7:30AM
PR Newswire (US)
BEI Technologies Declares Quarterly Dividend SAN FRANCISCO, May 13
/PRNewswire-FirstCall/ -- The Board of Directors of BEI
Technologies, Inc. (NASDAQ:BEIQ) today announced its thirty-first
consecutive quarterly dividend. The dividend of one cent per share
was declared effective May 12, 2005, and is payable on June 14,
2005 to stockholders of record as of May 27, 2005. BEI
Technologies, Inc. (the "Company" or "Technologies") is an
established manufacturer of electronic sensors, motors, actuators,
rotary optical encoders, linear encoders with associated digital
readouts (DROs), and motion control products used for factory and
office automation, medical equipment, military, aviation and space
systems. In addition, sales to manufacturers of transportation
equipment, including automobiles, trucks and off-road equipment,
have become a significant addition to the Company's business in
recent years. The Company's micromachined quartz rate sensors are
being used in advanced vehicle stability control systems and a
significant increase in the production of those sensors had been in
progress from the middle of 1998 to FY 2005 except for a decrease
in production in fiscal 2002 due to increased competition. The
Company also manufactures electronic steering wheel position
sensors, seat-memory modules, throttle position sensors, inertial
navigation systems, and other devices used in transportation
systems. DATASOURCE: BEI Technologies CONTACT: John LaBoskey,
Senior Vice President/CFO of BEI Technologies, Inc.,
+1-415-956-4477 Web site: http://www.bei-tech.com/
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