EnviroStar Declares Special Cash Dividend – a 20% Increase Over 2016
December 12 2017 - 10:24AM
Business Wire
EnviroStar, Inc. (NYSE American: EVI) announced today that its
Board of Directors approved a special cash dividend of $0.12 per
share on EnviroStar’s common stock, a 20% increase over EVI’s 2016
special cash dividend. The dividend is payable on January 9, 2018
to stockholders of record at the close of business on December 26,
2017.
About EnviroStar
EnviroStar, Inc. is a distributor of commercial, industrial, and
vended laundry products and industrial boilers, including related
parts and supplies. Through its subsidiaries, EVI sells its
products and provides installation and maintenance services to
thousands of customers across the United States, the Caribbean, and
Latin America. EVI seeks to grow its North American market share
through the execution of its buy-and-build strategy. In that
pursuit, EVI intends to focus on buying market-leading laundry and
commercial cleaning products businesses, and building them through
the implementation of a growth culture that focuses on adding new
locations, offering a more expansive and complimentary product
line, and delivering a vast array of technical services.
Forward Looking Statements
Except for the historical matters contained herein, statements
in this press release are forward-looking and are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements may be preceded by,
followed by or otherwise include the words “may,” “will,”
“believes,” “expects,” “anticipates,” “intends,” “plans,”
“estimates,” “projects,” “could,” “would,” “should” or similar
expressions or statements that certain events or conditions may
occur. Actual results, performance or achievements could differ
materially from those contemplated, expressed or implied by these
forward-looking statements. Forward-looking statements are based
largely on the expectations, beliefs and assumptions of
EnviroStar’s management and on the information currently available
to it and are subject to a number of risks and uncertainties,
including, but not limited to, the economic, competitive,
governmental, technological and other risks and factors discussed
in the “Risk Factors” section of EnviroStar’s Annual Report on Form
10-K for the fiscal year ended June 30, 2017 or otherwise in
EnviroStar’s filings with the Securities and Exchange Commission.
Many of these risks and factors are beyond EnviroStar’s control. In
addition, past performance and perceived trends may not be
indicative of future results. EnviroStar cautions that the
foregoing factors are not exclusive.
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version on businesswire.com: http://www.businesswire.com/news/home/20171212005894/en/
EnviroStar Inc.Henry M. Nahmad, 305-754-8676Michael Steiner,
305-754-8676
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