DAILY NEWS Dec 5, 2012 9:34 AM - 0 comments

Dorman Products, Inc. Declares Special Cash Dividend

TEXT SIZE bigger text smaller text
AUTOSERVICEWORLD.COM

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.

Monitor These Topics


Horizontal ruler
Horizontal Ruler

Post A Comment

Disclaimer
Note: By submitting your comments you acknowledge that Automotive Service World has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *



* mandatory fields