PITTSBURGH, May 2, 2024
/PRNewswire/ -- Koppers Holdings Inc. (NYSE: KOP), an
integrated global provider of treated wood products, wood treatment
chemicals, and carbon compounds, today announced that its Board of
Directors has declared a quarterly cash dividend of $0.07 per share of Koppers common stock.
The dividend is payable on June 10,
2024, to shareholders of record as of the close of trading
on May 24, 2024.
Koppers expects to pay regular quarterly dividends, with future
declarations subject to approval by its Board of Directors and the
Board's determination that the declaration of dividends remains in
the best interests of Koppers and its shareholders. The decision of
whether to pay future dividends and the amount of any such
dividends will be based on the Company's financial position,
results of operations, cash flows, capital requirements, the
requirements of applicable law and any other factors the Board of
Directors may deem relevant.
About Koppers
Koppers (NYSE: KOP) is an integrated
global provider of essential treated wood products, wood
preservation technologies and carbon compounds. Our team of 2,200
employees create, protect and preserve key elements of our global
infrastructure – including railroad crossties, utility poles,
outdoor wooden structures, and production feedstocks for steel,
aluminum and construction materials, among others – applying
decades of industry-leading expertise while constantly innovating
to anticipate the needs of tomorrow. Together we are providing safe
and sustainable solutions to enable rail transportation, keep power
flowing, and create spaces of enjoyment for people everywhere.
Protecting What Matters, Preserving The Future. Learn more at
Koppers.com.
Inquiries from the media should be directed to Ms. Jessica
Franklin Black at BlackJF@koppers.com or
412-227-2025. Inquiries from the investment community
should be directed to Ms. Quynh McGuire at
McGuireQT@koppers.com or 412-227-2049.
Safe Harbor Statement
Certain statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 and may include, but are not limited to,
statements about sales levels, acquisitions, restructuring,
declines in the value of Koppers assets and the effect of any
resulting impairment charges, profitability and anticipated
expenses and cash outflows. All forward-looking statements involve
risks and uncertainties.
All statements contained herein that are not clearly historical
in nature are forward-looking, and words such as "outlook,"
"guidance," "forecast," "believe," "anticipate," "expect,"
"estimate," "may," "will," "should," "continue," "plan,"
"potential," "intend," "likely," or other similar words or phrases
are generally intended to identify forward-looking statements. Any
forward-looking statement contained herein, in other press
releases, written statements or other documents filed with the
Securities and Exchange Commission, or in Koppers communications
and discussions with investors and analysts in the normal course of
business through meetings, phone calls and conference calls,
regarding future dividends, expectations with respect to sales,
earnings, cash flows, operating efficiencies, restructurings, the
benefits of acquisitions, divestitures, joint ventures or other
matters as well as financings and debt reduction, are subject to
known and unknown risks, uncertainties and contingencies.
Many of these risks, uncertainties and contingencies are beyond
our control, and may cause actual results, performance or
achievements to differ materially from anticipated results,
performance or achievements. Factors that might affect such
forward-looking statements include, among other things, the impact
of changes in commodity prices, such as oil and copper, on product
margins; general economic and business conditions; potential
difficulties in protecting our intellectual property; the ratings
on our debt and our ability to repay or refinance our outstanding
indebtedness as it matures; our ability to operate within the
limitations of our debt covenants; unexpected business disruptions;
potential impairment of our goodwill and/or long-lived assets;
demand for Koppers goods and services; competitive conditions;
capital market conditions, including interest rates, borrowing
costs and foreign currency rate fluctuations; availability and
fluctuations in the prices of key raw materials; disruptions and
inefficiencies in the supply chain; economic, political and
environmental conditions in international markets; changes in laws;
the impact of environmental laws and regulations; unfavorable
resolution of claims against us, as well as those discussed more
fully elsewhere in this release and in documents filed with the
Securities and Exchange Commission by Koppers, particularly our
latest annual report on Form 10-K and any subsequent filings by
Koppers with the Securities and Exchange Commission. Any
forward-looking statements in this release speak only as of the
date of this release, and we undertake no obligation to update any
forward-looking statement to reflect events or circumstances after
that date or to reflect the occurrence of unanticipated events.
For
Information:
|
Quynh McGuire, Vice
President, Investor Relations
|
|
412 227 2049
|
|
McGuireQT@koppers.com
|
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SOURCE KOPPERS HOLDINGS INC.