Contact Information: CONTACT: Pfeiffer High Investor Relations, Inc. Geoff High 303-393-7044
Dynamic Materials Announces Quarterly Dividend
| Source: Dynamic Materials Corp.
BOULDER, CO--(Marketwire - June 8, 2009) - Dynamic Materials Corporation (DMC) (NASDAQ : BOOM ), the world's leading provider of explosion-welded clad metal plates,
today announced that the Company now intends to issue dividends on a
quarterly versus annual basis, and added that its board of directors has
declared a quarterly cash dividend of $0.04 per share. The dividend is
payable on July 15, 2009, to shareholders of record as of June 30, 2009.
About Dynamic Materials Corporation
Based in Boulder, Colorado, Dynamic Materials Corporation is a leading
international metalworking company. Its products, which are typically used
in industrial capital projects, include explosion-welded clad metal plates
and other metal fabrications for use in a variety of industries, including
oil and gas, petrochemicals, alternative energy, hydrometallurgy, aluminum
production, shipbuilding, power generation, industrial refrigeration and
similar industries. The Company operates three business segments:
Explosive Metalworking, which uses proprietary explosive processes to fuse
different metals and alloys; Oilfield Products, which manufactures, markets
and sells specialized explosive components and systems used to perforate
oil and gas wells; and AMK Welding, which utilizes various technologies to
weld components for use in power-generation turbines, as well as commercial
and military jet engines. For more information, visit the Company's
websites at http://www.dynamicmaterials.com and
http://www.dynaenergetics.de.
Safe Harbor Language
Except for the historical information contained herein, this news release
contains forward-looking statements, including those regarding the future
issuance of dividends. These risks and uncertainties include, but are not
limited to, DMC's board of directors determining not to declare future
dividends, fluctuations in operating results and generation of cash flow;
changes to customer orders; the cyclicality of our business; competitive
factors; the timely completion of contracts; the timing and size of
expenditures; the timely receipt of government approvals and permits; the
timing and price of metal and other raw material; the adequacy of local
labor supplies at our facilities; current or future limits on manufacturing
capacity at our various operations; the availability and cost of funds; and
general economic conditions, both domestic and foreign, impacting our
business and the business of the end-market users we serve; as well as the
other risks detailed from time to time in the Company's SEC reports,
including the report on Form 10-K for the year ended December 31, 2008.