Balchem Corporation Announces Dividend
December 10 2010 - 2:00PM
Balchem Corporation (Nasdaq:BCPC) today announced that its Board of
Directors has declared a dividend on its shares of common stock
equal to $0.15 per share, payable on January 20, 2011 to holders of
record on December 21, 2010. This dividend reflects a 36% increase
over the prior year cash dividend. Dino A. Rossi, Balchem's
Chairman, CEO and President stated, "This board action recognizes
the strong performance of the Company, and the continued confidence
in the prospects of our core business. It also reflects support of
our new initiatives, which are currently underway, and anticipated
capital requirements for other strategic growth objectives. We
believe this action is in the best interests of Balchem and our
shareholders."
Segment Information
Balchem Corporation consists of three business segments: ARC
Specialty Products; Food, Pharma and Nutrition; and Animal
Nutrition and Health. Through ARC Specialty Products, Balchem
provides specialty-packaged chemicals for use in healthcare and
other industries. The Food, Pharma and Nutrition segment provides
proprietary microencapsulation, granulation and agglomeration
solutions to a variety of applications in the human food,
pharmaceutical and nutrition marketplaces. The Animal Nutrition and
Health segment manufactures and supplies products to numerous
animal health markets and certain derivative products into
industrial applications.
Forward Looking Statements
This release contains forward-looking statements, which reflect
Balchem's expectation or belief concerning future events that
involve risks and uncertainties. Balchem can give no assurance that
the expectations reflected in forward looking statements will prove
correct and various factors could cause results to differ
materially from Balchem's expectations, including risks and factors
identified in Balchem's annual report on Form 10-K for the year
ended December 31, 2009. Forward-looking statements are qualified
in their entirety by the above cautionary statement. Balchem
assumes no duty to update its outlook or other forward-looking
statements as of any future date.
CONTACT: Balchem Corporation
Frank Fitzpatrick, Chief Financial Officer
845-326-5600
ffitzpatrick@balchemcorp.com
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