Superior Industries Increases Cash Dividend For 22nd Consecutive Year
VAN NUYS, Calif.--May 1, 20053, 2005--Superior Industries International, Inc. announced at today's annual meeting of shareholders that its Board of Directors has declared a 3.2% increase in the company's quarterly cash dividend, to $0.16 per share. The new, higher dividend is payable on July 15, 2005 to shareholders of record on July 1, 2005."We always are pleased to increase the cash dividend, particularly as we are faced with the difficult challenges of an increasingly competitive environment and the rapid globalization of the automotive industry," said President and Chief Executive Officer Steven Borick. "This latest dividend increase demonstrates the Board's conviction that we have the right long-term strategy to protect and enhance our industry leadership, and the discipline, determination and resources required to successfully implement our plans for the future."
About Superior Industries
Superior supplies aluminum wheels and other aluminum automotive components to Ford, General Motors, DaimlerChrysler, Audi, BMW, Isuzu, Jaguar, Land Rover, Mazda, MG Rover, Mitsubishi, Nissan, Subaru, Toyota and Volkswagen. For additional information, visit www.supind.com.
Forward-Looking Statements
This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors and risks discussed from time to time in the company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.