Bairnco Announces Increase in Quarterly Cash Dividend From $.06 to $.07 Per Share
August 18 2006 - 4:39PM
PR Newswire (US)
LAKE MARY, Fla., Aug. 18 /PRNewswire/ -- Bairnco Corporation
(NYSE:BZ) today reported that its Board of Directors has increased
the quarterly cash dividend to $.07 per share, from $.06 per share.
The dividend is payable on September 29, 2006 to stockholders of
record on the close of business on September 5, 2006. The Board
increased the dividend based on the Corporation's strong financial
condition and the positive future outlook. Bairnco Corporation is a
diversified multinational company that operates two distinct
businesses -- Arlon (Electronic Materials and Coated Materials
segments) and Kasco (Replacement Products and Services segment).
Arlon's principal products include high technology materials for
the printed circuit board industry, cast and calendered vinyl film
systems, custom-engineered laminates and special silicone rubber
compounds and components. Kasco's principal products include
replacement band saw blades for cutting meat, fish, wood and metal,
and on-site maintenance primarily in the meat and deli departments.
Kasco also distributes equipment to the food industry in France.
"Safe Harbor" Statement under the Private Securities Reform Act of
1995 Statements in this press release referring to the expected
future plans and performance of the Corporation are forward-looking
statements. Actual future results may differ materially from such
statements. Factors that could affect future performance include,
but are not limited to, changes in U.S. or international economic
or political conditions, such as inflation or fluctuations in
interest or foreign exchange rates; the impact on production output
and costs from the availability of energy sources and related
pricing; changes in the product mix; the ability to achieve
anticipated revenue growth, synergies and other cost savings in
connection with acquisitions and plant consolidations; changes in
the market for raw or packaging materials which could impact the
Corporation's manufacturing costs; the loss of a significant
customer or supplier; production delays or inefficiencies; changes
in the pricing of the products of the Corporation or its
competitors; the market demand and acceptance of the Corporation's
existing and new products; the impact of competitive products;
disruptions in operations due to labor disputes; the costs and
other effects of legal and administrative cases and proceedings,
settlements and investigations; the costs and other effects of
complying with environmental regulatory requirements; and losses
due to natural disasters where the Corporation is self-insured.
While the Corporation periodically reassesses material trends and
uncertainties affecting the Corporation's results of operations and
financial condition in connection with its preparation of its press
releases, the Corporation does not intend to review or revise any
particular forward-looking statement referenced herein in light of
future events. DATASOURCE: Bairnco Corporation CONTACT: Kenneth L.
Bayne, Bairnco Corporation, +1-407-875-2222, ext. 227 Web site:
http://www.bairnco.com/
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