Q.E.P. Co., Inc. Announces a $0.05 Cash Dividend

(Neutral)

Rhea-AI Summary

On June 16, 2021, Q.E.P. Co., Inc. (OTC: QEPC) announced a one-time cash dividend of $0.05 per share, payable on or about August 18, 2021. Shareholders of record must hold shares by the close of business on July 14, 2021.

Founded in 1979, QEP specializes in flooring and installation solutions worldwide, offering a variety of product lines including adhesives and flooring tiles. The company operates from its headquarters in Boca Raton, Florida.

Positive

Declared a one-time cash dividend of $0.05 per share, enhancing shareholder returns.

Negative

None.

News Market Reaction – QEPC

+2.94%

+2.94% Session move

In the trading session that priced this news, QEPC gained 2.94%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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06/21/2021 - 08:30 AM

BOCA RATON, Fla., June 21, 2021 (GLOBE NEWSWIRE) -- Q.E.P. CO., INC. (OTC: QEPC.PK) (the “Company” or “QEP”) today announced that on June 16, 2021, the Company’s Board of Directors declared a one-time, cash dividend of $0.05 per share on the common stock of the Company. The cash dividend is distributable on or about August 18, 2021, to shareholders of record at the close of business on July 14, 2021.

About QEP

Founded in 1979, Q.E.P. Co., Inc. is a leading designer, manufacturer and distributor of a broad range of best-in-class flooring and installation solutions for commercial and home improvement projects worldwide. QEP offers a comprehensive line of specialty installation tools, adhesives, and underlayment as well as a complete line of hardwood, luxury vinyl, and modular carpet tile. QEP sells its products throughout the world to home improvement retail centers, professional specialty distribution outlets, and flooring dealers under brand names including QEP^®, LASH^®, ROBERTS^®, Vitrex^®, Brutus^®, PRCI^®, Plasplugs^®, Tomecanic^®, Premix-Marbletite^® (PMM), Apple Creek^®, Homelux^®, Capitol^® and XPS Foam™. Brand names featured under QEP’s Harris Flooring Group^® include Harris^®, Kraus^® and Naturally Aged Flooring™.

QEP is headquartered in Boca Raton, Florida with offices in Canada, Europe, Asia, Australia and New Zealand. Please visit our website at www.qepcorporate.com.

CONTACT:
Q.E.P. Co., Inc.
Enos Brown
Executive Vice President and
Chief Financial Officer
561-994-5550

FAQ

What is the dividend amount declared by Q.E.P. Co., Inc.?

Q.E.P. Co., Inc. declared a one-time cash dividend of $0.05 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on or about August 18, 2021.

Who is eligible to receive the dividend from QEP?

Shareholders of record at the close of business on July 14, 2021, are eligible to receive the dividend.

What is the stock symbol for Q.E.P. Co., Inc.?

The stock symbol for Q.E.P. Co., Inc. is QEPC.