HOUSTON, Feb. 20, 2020 /PRNewswire/ -- Adams
Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the
"Company") today announced that its Board of Directors declared a
quarterly cash dividend in the amount of $0.24 per common share for the fourth quarter of
2019, payable on March 20, 2020 to
shareholders of record as of close of business on March 6, 2020.
Kevin J. Roycraft, Adams' Chief
Executive Officer and President, commented, "We are pleased to
declare another regular cash dividend for the benefit of our
shareholders. Importantly, we have consistently paid a dividend for
more than 25 years, which is a direct result of our unwavering
focus on ensuring the stability of our business and the strength of
our corporate financial position."
Adams Resources & Energy, Inc. is primarily engaged
in the business of crude oil marketing, transportation and storage,
tank truck transportation of liquid chemicals and dry bulk through
its two subsidiaries, GulfMark Energy, Inc. and Service Transport
Company, respectively. For more information, visit
Cautionary Statement Regarding Forward-Looking
This news release contains forward-looking
statements. Forward-looking statements relate to future events and
anticipated results of operations, business strategies, and other
aspects of our operations or operating results. In many cases you
can identify forward-looking statements by terminology such as
"anticipate," "intend," "plan," "project," "estimate," "continue,"
"potential," "should," "could," "may," "will," "objective,"
"guidance," "outlook," "effort," "expect," "believe," "predict,"
"budget," "projection," "goal," "forecast," "target" or similar
words. Statements may be forward looking even in the absence of
these particular words. Where, in any forward-looking statement,
the Company expresses an expectation or belief as to future
results, such expectation or belief is expressed in good faith and
believed to have a reasonable basis. However, there can be no
assurance that such expectation or belief will result or be
achieved. Unless legally required, Adams undertakes no obligation
to update publicly any forward-looking statements, whether as a
result of new information, future events or otherwise.
Contact: Tracy E.
EVP, Chief Financial Officer
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SOURCE Adams Resources & Energy, Inc.