Northern Technologies International Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Northern Technologies International Corporation (NASDAQ: NTIC) has announced a cash dividend of $0.07 per share, payable on August 17, 2022, to shareholders on record by August 3, 2022. This declaration reflects the company's commitment to shareholder returns amidst its focus on developing corrosion inhibiting products and environmentally friendly polymer compounds. NTIC operates in over 60 countries and has expanded its focus to include the oil and gas sector while continuing its successful ZERUST^® brand offerings.

Positive

• Declared a quarterly cash dividend of $0.07 per share.
• Demonstrates ongoing commitment to returning income to shareholders.
• Diversification into the oil and gas industry could enhance revenue potential.

Negative

• None.

MINNEAPOLIS, July 20, 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 August 17, 2022 to shareholders of record at the close of business on August 3, 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 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 over 45 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 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 dividend amount for NTIC?

The declared dividend amount for NTIC is $0.07 per share.

When will the NTIC dividend be paid?

The NTIC dividend will be paid on August 17, 2022.

What is the record date for the NTIC dividend?

The record date for the NTIC dividend is August 3, 2022.

How often does NTIC pay dividends?

NTIC pays dividends quarterly.

Is NTIC's dividend sustainable?

The sustainability of NTIC's dividend will depend on ongoing revenue and profitability; current diversification efforts may help.