Northern Technologies International Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Northern Technologies International (NASDAQ: NTIC), a developer of corrosion inhibiting products and bio-based polymer resin compounds, has declared a quarterly cash dividend of $0.07 per share. The dividend will be payable on August 14, 2024, to shareholders of record at the close of business on July 31, 2024. This announcement demonstrates NTIC's commitment to returning value to shareholders and may indicate confidence in the company's financial stability and future prospects.

Positive

• Declared quarterly cash dividend of $0.07 per share
• Consistent dividend payments indicate financial stability

Negative

• None.

MINNEAPOLIS, July 17, 2024 (GLOBE NEWSWIRE) -- Northern Technologies International Corporation (NASDAQ: NTIC), a leading developer of corrosion inhibiting products and services, as well as bio-based and biodegradable polymer resin compounds, today announced that the Board of Directors declared a quarterly cash dividend of $0.07 per share payable on August 14, 2024, to shareholders of record at the close of business on July 31, 2024.

About Northern Technologies International Corporation
Northern Technologies International Corporation develops and markets proprietary, environmentally beneficial products and services in over 65 countries either directly or via a network of subsidiaries, joint ventures, independent distributors and agents. NTIC’s primary business is corrosion prevention marketed mainly under the ZERUST® brand. NTIC has been selling its proprietary ZERUST® rust and corrosion inhibiting products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets for almost 50 years and more recently has also targeted and expanded into the oil and gas industry. NTIC offers worldwide on-site technical consulting for rust and corrosion prevention issues. NTIC’s technical service consultants work directly with the end users of NTIC’s products to analyze their specific needs and develop systems to meet their technical requirements. NTIC also markets and sells a portfolio of bio-based and biodegradable polymer resin compounds and finished products marketed under the Natur-Tec® brand.

Investor and Media Contact:
Matthew Wolsfeld, CFO
NTIC
(763) 225-6600

FAQ

What is the amount of NTIC's quarterly dividend for 2024?

Northern Technologies International (NTIC) has declared a quarterly cash dividend of $0.07 per share for 2024.

When is the payment date for NTIC's latest dividend?

The payment date for NTIC's latest dividend is August 14, 2024.

What is the record date for NTIC's Q3 2024 dividend?

The record date for NTIC's Q3 2024 dividend is July 31, 2024, at the close of business.

How often does NTIC pay dividends?

Based on the announcement of a quarterly cash dividend, NTIC appears to pay dividends on a quarterly basis.