Standard Automotive Corporation Declares Regular Quarterly Dividend
16 March 2000
Standard Automotive Corporation Declares Regular Quarterly Dividend of $0.255 Per Share On the 8 1/2% Senior Convertible Redeemable Preferred Stock
HILLSBOROUGH TOWNSHIP, N.J.--March 16, 2000--STANDARD AUTOMOTIVE CORPORATION (AMEX:AJX, AJXPR) announced that its Board of Directors has declared the regular quarterly dividend of $0.255 per share on the 8 1/2 Senior Convertible Redeemable Preferred Stock as provided by the terms set forth in Standard's Certificate of Designation dated January 23,1998 and payable on March 31, 2000 to the shareholders of record on March 21, 2000.STANDARD AUTOMOTIVE CORPORATION, is a diversified company with production facilities strategically located throughout the United States and Mexico. Standard currently operates two divisions: the Truck/Trailer Body Division which designs, manufactures and distributes trailer chassis for transporting maritime and railroad shipping containers and a broad line of specialized dump truck bodies, dump trailers, truck suspensions and other related assemblies, and the Critical Components Division, which specializes in the fabrication and machining of precision assemblies for the aerospace, nuclear, industrial and military markets.
This release contains certain forward-looking statements which involve known and unknown risks, uncertainties, and other factors not under the Company's control which may cause actual results, performance, and achievements of the Company to be materially different from the results, performance or expectations of the Company. These factors may include, but are not limited to those detailed in the Company's periodic filings with the Securities and Exchange Commission.