Wynn's International Announces 12.5% Increase in Regular Quarterly Dividend
11 February 1998
Wynn's International Announces 12.5% Increase in Regular Quarterly Dividend and Sets Annual Meeting of ShareholdersORANGE, Calif., Feb. 11 -- Wynn's International, Inc. reported today that the Board of Directors had declared a regular quarterly dividend of $0.06 per share of common stock, an increase of 12.5% over the present rate of $0.0533 per share. The quarterly dividend is payable March 31, 1998 to stockholders of record on March 12, 1998. This represents the 92nd consecutive quarterly dividend payment since 1975. The Board of Directors also set April 29, 1998 as the date of the 1998 Annual Meeting of Shareholders, with shareholders of record on March 12, 1998 entitled to vote at such meeting. James Carroll, Chairman and Chief Executive Officer, said the increase in the dividend rate was the fifth within the last five years. He attributed the increase to the Company's confidence in its financial position. Wynn's International, Inc., founded in 1939, is a worldwide supplier of high quality 0-rings, sealing products, specialty chemical products, equipment and related service programs, and builders hardware supplies. The Company has 2,073 employees and is headquartered at 500 North State College Boulevard, Suite 700, Orange, California 92868, telephone (714) 938-3700. SOURCE Wynn's International, Inc.