Met-Pro Corporation Declares Quarterly Dividend
April 05 2007 - 12:54PM
PR Newswire (US)
HARLEYSVILLE, Pa., April 5 /PRNewswire-FirstCall/ -- Raymond J. De
Hont, Chairman and Chief Executive Officer of Met-Pro Corporation
(NYSE:MPR), announced today that the Company's Board of Directors,
at their meeting on April 4, 2007, declared a quarterly dividend of
$0.0675 per share payable on June 12, 2007 to shareholders of
record at the close of business on May 29, 2007. This dividend
represents an 8% increase over the same period last year. This is
the thirty-second consecutive year that Met-Pro Corporation has
paid either a cash or stock dividend. About Met-Pro Met-Pro
Corporation, with headquarters at 160 Cassell Road, Harleysville,
Pennsylvania, was recently recognized as one of America's "200 Best
Small Companies" by Forbes magazine. The company, which
manufactures and sells product recovery and pollution control
equipment for purification of air and liquids and fluid handling
equipment for corrosive, abrasive and high temperature liquids, was
established in 1966. It provides products to residential,
commercial, industrial and municipal markets that include, but are
not limited to, pharmaceuticals, chemicals, petrochemicals, water
and aquariums. For more information, please visit
http://www.met-pro.com/. The Private Securities Litigation Reform
Act of 1995 provides a "safe harbor" for forward-looking
statements. Certain information included in this press release, and
other materials filed or to be filed with the Securities and
Exchange Commission (as well as information included in oral or
other written statements made or to be made by the Company) contain
statements that are forward-looking. Such statements may relate to
plans for future expansion, business development activities,
capital spending, financing, the effects of regulation and
competition, or anticipated sales or earnings results. Such
information involves risks and uncertainties that could
significantly affect results in the future and, accordingly, such
results may differ from those expressed in any forward-looking
statements made by or on behalf of the Company. These risks and
uncertainties include, but are not limited to, those relating to,
the cancellation or delay of purchase orders and shipments, product
development activities, computer systems implementation, dependence
on existing management, the continuation of effective cost and
quality control measures, retention of customers, global economic
and market conditions, and changes in federal or state laws.
Met-Pro common shares are traded on the New York Stock Exchange,
symbol MPR. To obtain an Annual Report or additional information on
the Company, please call 215-723-6751 and ask for the Investor
Relations Department, or visit the Company's Web site at
http://www.met-pro.com/. Investor Contact: Gary J. Morgan, Senior
Vice President of Finance, CFO 215-723-6751, DATASOURCE: Met-Pro
Corporation CONTACT: Investors, Gary J. Morgan, Senior Vice
President of Finance, CFO, Met-Pro Corporation, +1-215-723-6751, or
Web site: http://www.met-pro.com/
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