Edelbrock Corp. Declares Dividend; Payment Reflecting Company's Desire to Reward Shareholders
TORRANCE, Calif.--May 6, 2003--Edelbrock Corporation declared a $0.02 per share dividend on the company's Common Stock. The dividend is payable on June 13, 2003 to shareholders of record on June 3, 2003. On May 6, 2003 Edelbrock had approximately 102 shareholders of record of its Common Stock and approximately 5.5 million shares outstanding."Although the economy remains slow, accompanied by unfavorable weather conditions and Iraq War uncertainties, we're once again pleased to have the opportunity to provide this additional return to our shareholders," said Vic Edelbrock, President and Chief Executive Officer.
Founded in 1938, Torrance, California-based Edelbrock Corp. is recognized as one of the nation's premier designers, manufacturers and distributors of performance replacement parts for the automotive and motorcycle aftermarkets. In addition to three production facilities and an automated distribution center in Torrance, the Company owns and operates a state-of-the-art aluminum foundry and its motorcycle carburetor division in San Jacinto, Calif., at which it manufactures many of its quality products.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve known and unknown risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include such factors as the financial strength and competitive pricing environment of the automotive and motorcycle aftermarket industries; product demand; market acceptance; dependence on key suppliers; manufacturing efficiencies; new product development; the success of planned advertising, marketing and promotional campaigns; and other risks identified herein and in other documents filed by the Company with the Securities and Exchange Commission.