The company said in a July 31 release that dividend is payable on October 5, to shareholders of record as of the close of business on September 14. The indicated annual dividend rate will now be $.72 per share. This is the third consecutive year in which the Company has increased its quarterly dividend. James O'Leary, Chairman and CEO said, "While current business conditions have no doubt been challenging, the Board of Directors of Kaydon shares management's confidence in the fundamental strength of the Company's businesses. Our businesses' demonstrated cash generating ability, together with our fortress balance sheet, are reflected by this enhanced return to our shareholders." Kaydon is a designer and manufacturer of custom-engineered, performance-critical products, supplying a broad and diverse group of alternative-energy, industrial, aerospace, medical and electronic equipment, and aftermarket customers. ((Comments on this story may be sent to newsdesk@closeupmedia.com)) For full details on Kaydon Corp (KDN) click here. Kaydon Corp (KDN) has Short Term PowerRatings of 3. Details on Kaydon Corp (KDN) Short Term PowerRatings is available at This Link.
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