Northern Technologies International Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Northern Technologies International Corporation (NASDAQ: NTIC) announced a quarterly cash dividend of $0.07 per share, payable on February 16, 2022, to shareholders of record by February 2, 2022. NTIC specializes in corrosion prevention and offers bio-based and biodegradable polymer resins, operating in over 60 countries with a focus on markets such as automotive, electronics, and oil and gas. The company has a history of more than 40 years in corrosion inhibiting products, primarily marketed under the ZERUST® brand.

Positive

• Quarterly cash dividend of $0.07 per share demonstrates company confidence.
• Long-standing reputation in corrosion prevention with a 40-year history.
• Expands into growing oil and gas market, enhancing revenue potential.

Negative

• None.

MINNEAPOLIS, Jan. 21, 2022 (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 February 16, 2022 to shareholders of record at the close of business on February 2, 2022.  

About Northern Technologies International Corporation
Northern Technologies International Corporation develops and markets proprietary environmentally beneficial products and services in over 60 countries either directly or via a network of subsidiaries, joint ventures, independent distributors and agents. NTIC’s primary business is corrosion prevention marketed primarily 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 over 40 years and in recent years has 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 resins and finished products marketed under the Natur-Tec^® brand.

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

FAQ

What is the amount of the dividend declared by NTIC in January 2022?

NTIC declared a quarterly cash dividend of $0.07 per share.

When is the dividend payment date for NTIC's January 2022 announcement?

The dividend will be payable on February 16, 2022.

What is the record date for the dividend payment by NTIC?

The record date for the dividend is February 2, 2022.

What industries does NTIC serve with its corrosion prevention products?

NTIC serves automotive, electronics, electrical, mechanical, military, and retail consumer markets.

In how many countries does NTIC operate?

NTIC operates in over 60 countries globally.