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Reinhold Industries Inc Declares 10% Stock Dividend

  • Tuesday, 11th July 2000
  • Reading time: less than a minute

On Thursday, Reinhold Industries, Inc. of Santa Fe Springs, California, announced a 10% stock dividend for its shareholders. The Board of Directors has approved a 10% dividend, payable in additional shares of the Company, to its shareholders of record as of July 11, 2000. “The Board is extremely pleased to be able to make this announcement to our shareholders,” said Michael T. Furry, president and CEO of Reinhold. “This is our first dividend since becoming a stand-alone public entity in 1996. In addition, we recently applied to NASDAQ for a national listing of our stock. We hope these actions will inform others of the profitable growth of the Company over the last four years and begin to positively impact our share price.” Reinhold Industries, Inc. is a manufacturer of advanced custom composite components, sheet molding compounds, and graphic arts and industrial rollers for a variety of applications in the United States and Europe.

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