Dynamic Materials Announces Quarterly Dividend
June 08 2009 - 11:50AM
Marketwired
Dynamic Materials Corporation (DMC) (NASDAQ: BOOM), the world's
leading provider of explosion-welded clad metal plates, today
announced that the Company now intends to issue dividends on a
quarterly versus annual basis, and added that its board of
directors has declared a quarterly cash dividend of $0.04 per
share. The dividend is payable on July 15, 2009, to shareholders of
record as of June 30, 2009.
About Dynamic Materials Corporation
Based in Boulder, Colorado, Dynamic Materials Corporation is a
leading international metalworking company. Its products, which are
typically used in industrial capital projects, include
explosion-welded clad metal plates and other metal fabrications for
use in a variety of industries, including oil and gas,
petrochemicals, alternative energy, hydrometallurgy, aluminum
production, shipbuilding, power generation, industrial
refrigeration and similar industries. The Company operates three
business segments: Explosive Metalworking, which uses proprietary
explosive processes to fuse different metals and alloys; Oilfield
Products, which manufactures, markets and sells specialized
explosive components and systems used to perforate oil and gas
wells; and AMK Welding, which utilizes various technologies to weld
components for use in power-generation turbines, as well as
commercial and military jet engines. For more information, visit
the Company's websites at http://www.dynamicmaterials.com and
http://www.dynaenergetics.de.
Safe Harbor Language
Except for the historical information contained herein, this
news release contains forward-looking statements, including those
regarding the future issuance of dividends. These risks and
uncertainties include, but are not limited to, DMC's board of
directors determining not to declare future dividends, fluctuations
in operating results and generation of cash flow; changes to
customer orders; the cyclicality of our business; competitive
factors; the timely completion of contracts; the timing and size of
expenditures; the timely receipt of government approvals and
permits; the timing and price of metal and other raw material; the
adequacy of local labor supplies at our facilities; current or
future limits on manufacturing capacity at our various operations;
the availability and cost of funds; and general economic
conditions, both domestic and foreign, impacting our business and
the business of the end-market users we serve; as well as the other
risks detailed from time to time in the Company's SEC reports,
including the report on Form 10-K for the year ended December 31,
2008.
CONTACT: Pfeiffer High Investor Relations, Inc. Geoff High
303-393-7044
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