MOCON Increases Quarterly Dividend
MINNEAPOLIS--(BUSINESS WIRE)-- MOCON, Inc. (NAS: MOCO) announced today that on February 28, 2013, its Board of Directors declared a quarterly cash dividend of eleven cents ($0.11) per share, payable on May 17, 2013, to shareholders of record on May 3, 2013. This is a five percent increase over the previous rate of ten and one-half cents per share.
The Company has provided stockholders with quarterly dividends for the 99th consecutive quarter. Prior to the present policy of quarterly dividends, the Company had been paying dividends on a semi-annual basis since 1984.
MOCON is a leading provider of detectors, instruments, systems and consulting services to research laboratories, production facilities, and quality control and safety departments in the medical, pharmaceutical, food and beverage, packaging, environmental, oil and gas and other industries worldwide. See www.mocon.com for more information.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements that can be identified by words such as "will," "may," "expect" or other similar expressions. All forward-looking statements speak only as of the date of this press release. MOCON undertakes no obligation to update or revise any forward-looking statement. There are important factors that could cause actual results to differ materially from those anticipated by the forward-looking statements made in this press release. These factors include, but are not limited to, the integration and performance of Dansensor, competition and technological change, worldwide economic and political stability, setbacks in product development programs, order cancellations, dependence on certain key industries, and other factors set forth in the company's Annual Report on Form 10-K for the year ended December 31, 2011 and other documents MOCON files with or furnishes to the Securities and Exchange Commission.
MOCON's shares are traded on the NASDAQ Global Market System under the symbol MOCO.
MOCON is a registered trademark of MOCON, Inc.; other trademarks are those of their respective holders.
Darrell Lee, 763-493-6370
KEYWORDS: United States North America Minnesota
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