FORT WORTH, Texas--KMG (NYSE: KMG), a global provider of specialty chemicals, today announced that its Board of Directors has declared a quarterly cash dividend of $0.03 per common share. The dividend is payable January 5, 2017 to shareholders of record December 23, 2016. As of October 31, 2016, there were approximately 12.1 million KMG common shares outstanding.
KMG Chemicals, Inc., through its subsidiaries, produces and distributes specialty chemicals to select markets. The Company grows by acquiring and optimizing stable chemical product lines and businesses with established production processes. For more information, visit the Company's website at http://kmgchemicals.com.
The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development acceptance, the impact of competitive services and pricing and general economic risks and uncertainties.