Northern Technologies International Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Northern Technologies International Corporation (NASDAQ: NTIC) has declared a quarterly cash dividend of $0.07 per share, scheduled for payment on February 15, 2023, to shareholders on record as of February 1, 2023. The company specializes in corrosion prevention products and bio-based polymer resin compounds, marketed primarily under the ZERUST® and Natur-Tec® brands. With over 45 years of expertise, NTIC operates in over 60 countries, targeting various sectors, including automotive and oil and gas. The firm also provides technical consulting services for corrosion prevention, enhancing its product offerings.

Positive

• Quarterly cash dividend of $0.07 per share announced.
• Long-standing expertise in corrosion prevention for over 45 years.
• Expansion into the oil and gas industry enhances market reach.

Negative

• None.

News Market Reaction – NTIC

-0.69%

-0.69% Session move

In the trading session that priced this news, NTIC declined 0.69%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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MINNEAPOLIS, Jan. 20, 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 February 15, 2023, to shareholders of record at the close of business on February 1, 2023.

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

FAQ

What is the dividend amount declared by NTIC?

NTIC has declared a quarterly cash dividend of $0.07 per share.

When will the dividend be paid to NTIC shareholders?

The dividend is scheduled for payment on February 15, 2023.

Who qualifies for the NTIC dividend?

Shareholders of record at the close of business on February 1, 2023, will qualify for the dividend.

What are NTIC's main products?

NTIC specializes in corrosion prevention products under the ZERUST® brand and bio-based products under the Natur-Tec® brand.