HARRISBURG, Pa., Nov. 15, 2005 (PRIMEZONE) -- Announcing an increase of more than eight percent to its quarterly dividend rate, the Board of Directors of Harsco Corporation (NYSE:HSC) today declared a regular quarterly cash dividend of $0.325 per share, or $1.30 per share on an annualized basis. The dividend is payable February 15, 2006 to stockholders of record as of January 16, 2006.
The action represents Harsco's 12th consecutive dividend increase in the past 12 years, and the 223rd consecutive quarterly dividend paid to Harsco stockholders at the same or increased rate. The Company has paid dividends every year since 1939.
Commenting on the dividend, Harsco Chairman, President and CEO Derek C. Hathaway said, "The Board's action reaffirms its continuing confidence in Harsco's substantial cash flows and prospects for growth, together with our long tradition for rewarding Harsco stockholders with a predictable and direct return on their investment."
Harsco Corporation is a diversified, worldwide industrial services and engineered products company with annual sales in excess of $2.5 billion. Harsco's market-leading businesses provide mill services, access services, engineered products and services, and gas containment and control technologies to customers worldwide. The company employs approximately 18,500 people at over 400 locations in more than 40 countries of operation. Additional information about Harsco can be found at www.harsco.com.
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