CSW Industrials Increases Quarterly Dividend by 11%
April 15 2021 - 8:30AM
The Board of Directors of CSW Industrials, Inc. (Nasdaq: CSWI)
today declared a regular quarterly cash dividend of $0.15 per
share. This represents an increase of $0.015 per share, or
approximately 11%, as compared to the declared dividend in the
prior quarter. The dividend is payable on May 14, 2021, to
shareholders of record as of the close of business on April 30,
2021.
“Today’s announcement is consistent with our
previously announced capital allocation strategy, which includes
the return of cash to shareholders through our quarterly dividend,”
said Joseph B. Armes, CSW Industrials Chairman, President, and
Chief Executive Officer.
Details |
Dividend Amount: |
$0.15 |
Record Date: |
April 30, 2021 |
Payable Date: |
May 14, 2021 |
About CSW Industrials CSWI is a
diversified industrial growth company with well-established,
scalable platforms and domain expertise across two segments:
Industrial Products and Specialty Chemicals. CSWI's broad portfolio
of leading products provides performance optimizing solutions to
its customers. CSWI's products include mechanical products for
heating, ventilation, air conditioning and refrigeration ("HVAC/R")
applications, sealants, and high-performance specialty lubricants.
Markets that CSWI serves include: HVAC/R, architecturally-specified
building products, general industrial, plumbing, rail, energy, and
mining. For more information, please visit
www.cswindustrials.com.
Safe Harbor Statement This
press release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, which are made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, as amended. Words or phrases such as "may,"
"should," "expects," "could," "intends," "plans," "anticipates,"
"estimates," "believes," "forecasts," "predicts" or other similar
expressions are intended to identify forward-looking statements,
which include, without limitation, earnings forecasts, effective
tax rate, statements relating to our business strategy and
statements of expectations, beliefs, future plans and strategies
and anticipated developments concerning our industry, business,
operations and financial performance and condition.
The forward-looking statements included in this
press release are based on our current expectations, projections,
estimates and assumptions. These statements are only predictions,
not guarantees. Such forward-looking statements are subject to
numerous risks and uncertainties that are difficult to predict.
These risks and uncertainties may cause actual results to differ
materially from what is forecast in such forward-looking
statements, and include, without limitation, the risk factors
described from time to time in our filings with the Securities and
Exchange Commission, including our Annual Report on Form 10-K.
All forward-looking statements included in this
press release are based on information currently available to us,
and we assume no obligation to update any forward-looking statement
except as may be required by law.
Investor RelationsAdrianne D. GriffinVice
President, Investor Relations, &
Treasurer214-489-7113adrianne.griffin@cswi.com
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