Northern Technologies International Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Northern Technologies International (NASDAQ: NTIC), a developer of corrosion inhibiting products and bio-based polymer resin compounds, has announced a quarterly cash dividend of $0.07 per share. The dividend will be payable on February 12, 2025, to shareholders of record as of the close of business on January 29, 2025.

Positive

• Maintains consistent dividend payment, demonstrating financial stability
• Provides regular income stream to shareholders

Negative

• None.

MINNEAPOLIS, Jan. 15, 2025 (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 12, 2025, to shareholders of record at the close of business on January 29, 2025.  

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 is NTIC's dividend amount for Q1 2025?

NTIC declared a quarterly dividend of $0.07 per share for Q1 2025.

When is NTIC's Q1 2025 dividend payment date?

NTIC's Q1 2025 dividend will be paid on February 12, 2025.

What is the record date for NTIC's latest dividend?

The record date for NTIC's latest dividend is January 29, 2025.

How often does NTIC pay dividends?

NTIC pays dividends on a quarterly basis.

What is NTIC's annual dividend yield based on the current quarterly payment?

Based on the quarterly payment of $0.07 per share, NTIC's annual dividend would be $0.28 per share, but the yield would depend on the current stock price.