SUN VALLEY, Calif., Jan. 14, 2005 (PRIMEZONE) -- Flamemaster Corporation (Nasdaq:FAMEC), announced that its Board of Directors declared a quarterly cash dividend of .034 cents payable on March 10, 2005 to shareholders of record February 18, 2005, a 4% increase from the level of the previous quarter after adjusting for the recent stock split.
The current increase in the cash dividend is the 2nd upward adjustment in the cash dividend in the past year. "Our strong balance sheet and solid financial results have enabled us to continue our long tradition of dividend payments and dividend increases," said Joseph Mazin, Flamemaster's CEO.
Flamemaster Corporation is a specialty chemicals manufacturer servicing the aerospace and defense industries with high performance aircraft sealants and coatings.
The release herein may contain or identify forward-looking statements. These statements are based on a number of assumptions and estimates, which are inherently subject to uncertainty and contingencies, many of which are beyond the control of the Company and reflect future business decisions, which are subject to change.