Spartech Raises Quarterly Cash Dividend
December 18 2006 - 8:00AM
PR Newswire (US)
ST. LOUIS, Dec. 18 /PRNewswire-FirstCall/ -- The Board of Directors
of Spartech Corporation (NYSE:SEH) announced today that it declared
a regular quarterly cash dividend of 13.5 cents per share, payable
February 7, 2007, to common shareholders of record on January 24,
2007. Spartech recently announced record levels of cash flows from
operations of $127.5 million and free cash flows of $103.6 million
(cash flows from operations less capital expenditures of $23.9
million) in fiscal 2006. The cash flows from operations achieved in
2006 follows the previous record realized in fiscal 2005 of $105.0
million. George A. Abd, President and CEO, commented, "We have been
committed to consistently increasing our dividends in the past. Our
improved performance in cash flows in 2006 allowed us to
substantially increase our 2007 dividends by 8% over 2006. This
practice is one element in our focus on delivering improved total
shareholder return." Spartech Corporation is a leading producer of
engineered thermoplastic sheet materials, polymeric compounds and
concentrates, and engineered product solutions. The Company has
facilities located throughout the United States, Canada, Mexico and
Europe, with annual sales of approximately $1.5 billion.
DATASOURCE: Spartech Corporation CONTACT: George A. Abd, President
and Chief Executive Officer, +1-314-721-4242, or Randy C. Martin,
Executive Vice President and Chief Financial Officer,
+1-314-721-4242, both of Spartech Corporation Web site:
http://www.spartech.com/
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