Northern Technologies International Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Northern Technologies International Corporation (NASDAQ: NTIC) has declared a quarterly cash dividend of $0.07 per share. This dividend is payable on May 18, 2022, to shareholders of record as of May 4, 2022. NTIC specializes in corrosion inhibiting products and bio-based materials, operating in over 60 countries for over 45 years. Their notable ZERUST® brand serves various markets including automotive and oil & gas, providing technical consulting services alongside their product offerings.

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• Declared a quarterly cash dividend of $0.07 per share, showing commitment to returning value to shareholders.

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• None.

MINNEAPOLIS, April 22, 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 May 18, 2022 to shareholders of record at the close of business on May 4, 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 declared by NTIC for May 2022?

NTIC has declared a dividend of $0.07 per share.

When is the dividend payable to shareholders?

The dividend is payable on May 18, 2022.

What is the record date for NTIC's dividend?

The record date for the dividend is May 4, 2022.

What products does NTIC specialize in?

NTIC specializes in corrosion inhibiting products and bio-based polymer resin compounds.