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Myers Industries Declares Ten Percent Stock Dividend

27 July 2000

Myers Industries Declares Ten Percent Stock Dividend

    AKRON, Ohio - The Board of Directors of Myers Industries, Inc. today declared a 10 percent stock dividend payable August 31, 2000, to shareholders of record as of August 10, 2000.

    The Board then declared a $0.06 per common share quarterly cash dividend payable October 2, 2000, to shareholders of record as of September 11, 2000. The per share dividend will be paid on the increased number of shares resulting from the 10 percent stock dividend. This is the 25th consecutive year in which the Company has raised its effective cash payout.

    Myers Industries, Inc. is an international manufacturer of plastic and rubber products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also the largest wholesale distributor of tools, equipment, and supplies for the tire service and automotive underbody repair industry in the United States. Myers has 23 manufacturing facilities in North America and Europe, 42 distribution branches in 31 states, more than 20,000 products, and nearly 4,200 employees. Myers Industries reported net sales of $580.8 million in 1999.