Northern Technologies International Corporation Declares Quarterly Cash Dividend

Rhea-AI Summary

Northern Technologies International Corporation (NASDAQ: NTIC) declared a quarterly cash dividend of $0.065 per share, payable on May 19, 2021, to shareholders of record as of May 5, 2021. The company specializes in corrosion prevention products, marketed primarily under the ZERUST brand, and has over 40 years of experience in this sector. NTIC operates in more than 60 countries, providing environmentally beneficial products and technical consulting services.

Positive

• Quarterly cash dividend of $0.065 per share declared.
• Established company with over 40 years in corrosion prevention.
• Active in over 60 countries, ensuring a wide market presence.

Negative

• None.

MINNEAPOLIS, April 23, 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 May 19, 2021 to shareholders of record at the close of business on May 5, 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 for NTIC?

NTIC declared a quarterly cash dividend of $0.065 per share.

When is the dividend payable for NTIC?

The dividend is payable on May 19, 2021.

What is the record date for NTIC's dividend?

The record date for the dividend is May 5, 2021.

What products does Northern Technologies International Corporation develop?

NTIC develops corrosion inhibiting products and bio-based polymer resins.

In how many countries does NTIC operate?

NTIC operates in over 60 countries worldwide.