Northern Technologies International Corporation Announces Quarterly Cash Dividend
Northern Technologies International Corporation (NASDAQ: NTIC) has announced a cash dividend of $0.07 per share, payable on August 17, 2022, to shareholders on record by August 3, 2022.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Northern Technologies International Corporation (NASDAQ: NTIC) has announced a cash dividend of $0.07 per share, payable on August 17, 2022, to shareholders on record by August 3, 2022. This declaration reflects the company's commitment to shareholder returns amidst its focus on developing corrosion inhibiting products and environmentally friendly polymer compounds. NTIC operates in over 60 countries and has expanded its focus to include the oil and gas sector while continuing its successful ZERUST® brand offerings.
Positive
- Declared a quarterly cash dividend of $0.07 per share.
- Demonstrates ongoing commitment to returning income to shareholders.
- Diversification into the oil and gas industry could enhance revenue potential.
Negative
- None.
Details
News Market Reaction – NTIC
The recorded move for NTIC in the trading session of this news was +2.09%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MINNEAPOLIS, July 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
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