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 November 16, 2022, to shareholders of record by November 3, 2022. NTIC specializes in corrosion inhibiting products and bio-based polymer resin compounds, operating in over 60 countries. The company has been a leader in corrosion prevention for over 45 years, targeting markets such as automotive and oil and gas. Their proprietary products include the ZERUST® brand for rust and corrosion inhibition, and Natur-Tec® for biodegradable products.
Positive
- Quarterly cash dividend of $0.07 per share announced, enhancing shareholder income.
- Strong market presence with operations in over 60 countries.
- Proven expertise in corrosion prevention with over 45 years of industry experience.
Negative
- None.
News Market Reaction – NTIC
In the trading session that priced this news, NTIC gained 3.42%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MINNEAPOLIS, Oct. 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
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
