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 May 17, 2023, to shareholders on record by May 3, 2023. The corporation specializes in corrosion prevention and bio-based polymer resins, offering its products and services globally, particularly under the ZERUST® and Natur-Tec® brands. The company serves various markets, including automotive, electronics, and oil and gas, providing technical consulting for corrosion issues for almost 50 years.

Positive

• Declaration of a quarterly cash dividend of $0.07 per share, enhancing shareholder income.
• Expansion into the oil and gas industry, broadening market reach.

Negative

• None.

MINNEAPOLIS, April 21, 2023 (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 17, 2023, to shareholders of record at the close of business on May 3, 2023.

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

FAQ

What is the dividend payment date for NTIC?

The dividend payment date for NTIC is May 17, 2023.

How much is the quarterly dividend for NTIC?

The quarterly dividend for NTIC is $0.07 per share.

When is the record date for the NTIC dividend?

The record date for the NTIC dividend is May 3, 2023.

What markets does NTIC serve?

NTIC serves markets including automotive, electronics, oil and gas, and military.

What products does NTIC offer?

NTIC offers corrosion inhibiting products and bio-based biodegradable polymer resins.