DMC Global Increases Cash Dividend
September 04 2019 - 6:00AM
DMC Global Inc. (Nasdaq: BOOM) today announced it has increased its
annual cash dividend to $0.50 per share from $0.08 per share. The
dividend will be paid quarterly at a rate of $0.125 per share, with
the next payment scheduled for October 15, 2019, to shareholders of
record as of September 30, 2019.
The increase more than restores a $0.16 annual
dividend that was reduced in 2015 following the downturn in the oil
and gas industry.
“Our dividend increase is made possible by
strong financial performance, a solid balance sheet, and confidence
in the long-term strength of our markets and growth opportunities,”
said Kevin Longe, president and CEO. “DMC’s purpose is to create
superior value for its customers, employees, and shareholders. We
believe our shareholders benefit most when we pursue growth
objectives and share price appreciation while maintaining a
conservative capital structure and the discipline of returning
capital through dividends.”
About DMCDMC Global is a
diversified holding company. Our innovative businesses provide
differentiated products and services to niche industrial and
commercial markets around the world. DMC’s objective is to
identify well-run businesses and strong management teams and
support them with long-term capital and strategic, legal,
technology and operating resources. Our approach helps our
portfolio companies grow core businesses, launch new initiatives,
upgrade technologies and systems to support their long-term
strategy, and make acquisitions that improve their competitive
positions and expand their markets. DMC’s culture is to foster
local innovation versus centralized control, and stand behind our
businesses in ways that truly add value. Today, DMC’s
portfolio consists of DynaEnergetics and NobelClad, which
collectively address the energy, industrial processing and
transportation markets. Based in Broomfield, Colorado, DMC trades
on Nasdaq under the symbol “BOOM.” For more information, visit
the Company’s website at: http://www.dmcglobal.com.
CONTACT:Geoff HighVice
President of Investor Relations303-604-3924
DMC Global (NASDAQ:BOOM)
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