CINCINNATI, Aug. 25, 2011 /PRNewswire/ -- CECO
Environmental Corp. (NasdaqGM: CECE), a leading provider of air
pollution control and industrial ventilation systems, announced
that its Board of Directors has approved the initiation of a cash
dividend to its shareholders. The first quarterly dividend of
$0.025 per share will be paid on
September 30, 2011, to shareholders
of record on the close of business on September 15, 2011.
Jeff Lang, CECO's Chief Executive
Officer, commented, "We are confident in the long term financial
strength and growth prospects for CECO and believe initiating a
cash dividend provides increased value for our current shareholders
and is also attractive to new shareholders who want to invest in a
growth company with a dividend."
The dividend policy and the payment of cash dividends under that
policy are subject to the Board's continuing determination that the
dividend policy and the declaration of dividends are in the best
interest of CECO's shareholders. Future dividends and the
dividend policy may be changed or cancelled at the Company's
discretion at any time.
ABOUT CECO ENVIRONMENTAL
CECO Environmental Corp. is a premier global provider of air
pollution control equipment. Through its subsidiaries – Busch
International, CECO Filters, CECO Abatement Systems, kbd/Technic,
Kirk & Blum, Effox-Flextor, Fisher-Klosterman, Buell APC, Buell
FCC, and A.V.C. Specialists – CECO provides a wide spectrum of air
quality services and products including: industrial air filters,
environmental maintenance monitoring and management services, and
air quality improvement systems. CECO is a full-service
provider to the steel, refining, petrochemical, military, aluminum,
automotive, ethanol, aerospace, power, chemical processing, mining,
asphalt, glass, foundry, and virtually all industrial process
industries.
For more information on CECO Environmental, please visit the
company's website at www.cecoenviro.com.
Contact:
Corporate Information
Jeff Lang, CECO Environmental
Corp.
Email: investors@cecoenviro.com
1-800-333-5475
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All forward-looking statements are subject to certain
risks, uncertainties and assumptions. These risks and
uncertainties, which are more fully described in CECO's Annual and
Quarterly Reports filed with the Securities and Exchange
Commission, include changes in market conditions in the industries
in which the Company operates. Should one or more of these
risks or uncertainties materialize, or should the assumption prove
incorrect, actual results may vary in material aspects from those
currently anticipated.
SOURCE CECO Environmental Corp.