WESTPORT, Conn.--Terex Corporation (NYSE:TEX) today announced that its Board of Directors declared a quarterly dividend of $0.07 per share. The new quarterly cash dividend is an increase of approximately 17% over the 2015 quarterly dividend amount. The dividend is to be paid on March 18, 2016 to all stockholders of record as of the close of business on March 10, 2016.
Terex Corporation is a lifting and material handling solutions company reporting in five business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions and Materials Processing. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, manufacturing, shipping, transportation, refining, energy, utility, quarrying and mining industries. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. Terex uses its website (www.terex.com) and its Facebook page (www.facebook.com/TerexCorporation) to make information available to its investors and the market.