Balchem Corporation Announces Dividend
December 15 2017 - 9:00AM
Balchem Corporation (NASDAQ:BCPC) today announced that on December
13, 2017, its Board of Directors declared a dividend on its shares
of common stock equal to $0.42 per share, payable on January 19,
2018 to holders of record on December 27, 2017. This dividend
reflects a 10.5% increase over the prior year cash dividend.
Ted Harris, Balchem’s President and CEO, stated,
“Balchem has a long standing commitment to an annual dividend, and
we are pleased to announce the continuation of that
commitment. This dividend represents the ninth consecutive
increase in our annual dividend, reflecting both the consistently
outstanding financial performance the company has delivered and the
Board’s continued confidence in our long-term strategies.”
Segment InformationBalchem
Corporation reports four business segments: Human Nutrition &
Health; Animal Nutrition & Health; Specialty Products; and
Industrial Products. The Human Nutrition & Health segment
delivers customized food and beverage ingredient systems, as well
as key nutrients into a variety of applications across the food,
supplement and pharmaceutical industries. The Animal Nutrition
& Health segment manufactures and supplies products to numerous
animal health markets. Through Specialty Products, Balchem provides
specialty-packaged chemicals for use in healthcare and other
industries, and also provides chelated minerals to the
micronutrient agricultural market. The Industrial Products segment
manufactures and supplies certain derivative products into
industrial applications.
Forward-Looking StatementsThis
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, 2016. 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:
Mary Ann Brush, Balchem
CorporationTelephone: 845-326-5600
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