Northern Technologies International Corporation Announces Third Quarter 2021 Cash Dividend

Rhea-AI Summary

Northern Technologies International Corporation (NASDAQ: NTIC) announced a quarterly cash dividend of $0.065 per share, payable on August 18, 2021, to shareholders on record as of August 4, 2021. NTIC specializes in corrosion prevention products, primarily under the ZERUST® brand, serving various industries for over 40 years. The company also produces bio-based and biodegradable polymer resins marketed under the Natur-Tec® brand, expanding its reach into more than 60 countries.

Positive

• Declaration of a dividend payment of $0.065 per share.
• Strong focus on environmentally beneficial products.
• Over 40 years of experience in corrosion prevention.

Negative

• None.

MINNEAPOLIS, July 21, 2021 (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 $0.065 per share payable on August 18, 2021 to shareholders of record at the close of business on August 4, 2021.

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

FAQ

What is the dividend amount declared by NTIC for August 2021?

NTIC declared a dividend of $0.065 per share.

When is the dividend payment date for NTIC?

The dividend is payable on August 18, 2021.

What is the record date for NTIC's dividend payment?

The record date for the dividend is August 4, 2021.

How long has NTIC been in the corrosion prevention business?

NTIC has been in the corrosion prevention business for over 40 years.

In how many countries does NTIC operate?

NTIC operates in over 60 countries.