Dorman Products, Inc. today announced that it will pay a $1.50 per share special cash dividend. The special cash dividend will be payable on December 28, 2012 to shareholders of record at the close of business on December 17, 2012. The aggregate amount of payment to be made in connection with this special dividend will be approximately $55 million based on the current number of shares outstanding.
Steven Berman, the company's chairman and chief executive officer commented, "This special cash dividend returns to our shareholders in a tax efficient manner a portion of the significant profits the company has generated. The company is pleased to be in a position to pay this dividend as a reward to its loyal shareholders."
Dorman Products, Inc. is a supplier of dealer "exclusive" automotive replacement parts, automotive hardware, brake products, and household hardware to the automotive aftermarket and mass merchandise markets. Dorman products are marketed under the Dorman, OE Solutions, HELP!, AutoGrade, First Stop, Conduct-Tite, renew, TECHoice, Dorman HD Solutions and Symmetry brand names.