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Northern Technologies International Corporation Announces Quarterly Cash Dividend
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Northern Technologies International (NASDAQ: NTIC) declares a quarterly cash dividend of $0.07 per share, reinforcing shareholder value and financial stability.
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MINNEAPOLIS, April 17, 2024 (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 15, 2024, to shareholders of record at the close of business on May 1, 2024.
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 Contact: Matthew Wolsfeld, CFO NTIC (763) 225-6600
FAQ
What did Northern Technologies International (NTIC) announce?
NTIC announced a quarterly cash dividend of $0.07 per share.
When will the dividend be payable?
The dividend will be payable on May 15, 2024.
Who is eligible to receive the dividend?
Shareholders of record at the close of business on May 1, 2024, are eligible to receive the dividend.
northern technologies international corporation is in the business of converting unique environmentally beneficial material science into value added products and services for industrial and consumer applications. our business model of commercializing clean and green technologies in niche markets depends heavily on the talents, perseverance and integrity of both our employees and our worldwide federation of joint venture partners. northern technologies international corporation was founded in 1970 in lino lakes, minnesota with its primary business in oil analyzer instruments (then known as northern instruments, inc.). in 1993, northern instruments changed its corporate name by merging into a wholly owned subsidiary, northern technologies international corporation. the company has since grown out of the oil analyzer instrument business and into a global provider of corrosion inhibiting products and corrosion control management services with sales and technical support reach in more than
