Drew Industries Incorporated Inc. announced that its board has approved a special cash dividend of $2 per share of common stock. The dividend is payable on April 10 to stockholders of record at the close of business on March 27.
“We are pleased to demonstrate our continued commitment to shareholder value through this special dividend,” said Jason Lippert, CEO for Drew, parent to Lippert Components Inc. “It reflects the board’s confidence in the company’s consistent financial performance and in its long-term strategic goals.”
Joe Giordano, Drew’s CFO and Treasurer, added, “Our strong balance sheet and consistent cash flow positions us to continue to successfully execute on our strategy to grow sales through acquisitions, greater market share, and innovative new products.”
Stockholders of record will receive a 2015 Form 1099 with respect to this dividend by Jan. 31, 2016.