CSW Industrials Declares Fifth Quarterly Dividend
DALLAS, April 09, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of CSW Industrials, Inc. (Nasdaq: CSWI) today declared a regular quarterly cash dividend of $0.135 per share. The dividend is payable on May 13, 2020, to shareholders of record as of the close of business May 1, 2020.
| Details | ||
| Dividend Amount: | $0.135 | |
| Record Date: | May 1, 2020 | |
| Payable Date: | May 13, 2020 | |
Joseph B. Armes, CSW Industrials’ Chairman, Chief Executive Officer, and President commented, “Our Board of Directors is pleased to maintain the current dividend rate for the first quarter of fiscal 2021. Our strong balance sheet allows us to return capital to our shareholders consistent with our capital allocation strategy, through a regular quarterly dividend.”
About CSW Industrials
CSWI is a diversified industrial growth company with well-established, scalable platforms and domain expertise across two segments: Industrial Products and Specialty Chemicals. CSWI's broad portfolio of leading products provides performance optimizing solutions to its customers. CSWI's products include mechanical products for heating, ventilation, air conditioning and refrigeration ("HVAC/R") applications, sealants, and high-performance specialty lubricants. Markets that CSWI serves include: HVAC/R, architecturally-specified building products, general industrial, plumbing, rail, energy, and mining. For more information, please visit .
Safe Harbor Statement
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
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Investor Relations
Adrianne D. Griffin
Vice President of Investor Relations & Treasurer
214-489-7113
