Astro-Med Announces 10% Stock Dividend.Business Editors/High-Tech Writers WEST WARWICK West Warwick (wôr`wĭk, –`ĭk), town (1990 pop. 29,268), Kent co., central R.I., on the Pawtuxet River; set off from Warwick and inc. 1913. Textile manufacturing remains a leading industry. West Warwick includes the village of River Point. , R.I.--(BUSINESS WIRE)--April 20, 2004 Astro-Med, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ALOT ALOT Allotment ALOT Adaptive Large Optics Technologies ALOT Airborne Lightweight Optical Tracking ALOT Maybe you're looking for the two word phrase 'a lot' meaning many? ) announced today that the Board of Directors has declared a 10% stock dividend payable to shareholders of record as of May 4, 2004. It is anticipated that the dividend will be distributed on May 26, 2004. The Company will continue to maintain a cash dividend rate of 16 cents per common share annually. Commenting on the Board's action, Albert W. Ondis, Chairman and Chief Executive Officer stated, "The Board is very pleased to share the successful financial results of FY 2004 with all shareholders by declaring this additional stock dividend. The Company has realized marked progress in executing the strategic initiatives of growth and profitability in each Product Group: Test and Measurement, QuickLabel(R) Systems and Grass-Telefactor(R). We are very optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about Astro-Med's future and will continue to drive our strategic plan towards maximizing shareholder value." Astro-Med, Inc. is a leading manufacturer of high-tech specialty printing systems, electronic medical instrumentation, and test and measurement instruments employed around the world in a wide range of industrial, scientific, and medical applications. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med's FY2004 annual report and its annual and quarterly filings with the Securities and Exchange Commission. |
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