Chart Industries Increases Quarterly Cash Dividend.EASTLAKE, Ohio--(BUSINESS WIRE)--Nov. 10, 1997--Chart Industries, Inc., (NYSE NYSE See: New York Stock Exchange :CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. ) today announced that the Board of Directors declared a quarterly cash dividend of $0.075 per common share payable on December 15, 1997, to shareholders of record at the close of business on December 1, 1997. This cash dividend represents a 25 percent increase over the previous quarterly dividend rate of $0.06 per common share. "Chart Industries is on track to report its third consecutive year of record financial results," commented Arthur S. Holmes, the Company's Chairman and Chief Executive Officer. "Our strategies to generate profitable growth have yielded excellent results. We are pleased to be able to increase Chart's dividend and further enhance shareholder value." For the nine-month period that ended September 30, 1997, Chart reported record net income of $15.0 million, or $1.01 per share, on record sales of $136.1 million. Chart Industries, Inc., manufactures standard and custom-built industrial process equipment primarily for low-temperature and cryogenic cryogenic /cry·o·gen·ic/ (-jen´ik) producing low temperatures. cry·o·gen·ic adj. 1. Relating to or producing low temperatures. 2. applications. The Company also manufactures other industrial equipment such as structural pipe supports, stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. tubing and high-vacuum systems. Headquartered in Eastlake, Ohio Eastlake is a city in Lake County, Ohio, United States. The population was 20,255 at the 2000 census. Eastlake is the site where FirstEnergy's Eastlake Generating Station shutdown at 1:31pm EDT on August 14, 2003, eventually leading to the infamous 2003 North America , Chart has operations located in Arkansas, California, Colorado, Louisiana, Massachusetts, New Hampshire, Ohio New Hampshire is an unincorporated community located in central Goshen Township, Auglaize County, Ohio, United States. Located between Wapakoneta and Lakeview at the intersection of U.S. , Pennsylvania and Wisconsin. CONTACT: Chart Industries, Inc. Don A. Baines, 440/946-2525 |
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