Courier Corporation Increases Dividend by 50%.NORTH CHELMSFORD Chelmsford, city, England Chelmsford, city (1991 pop. 91,109), county seat of Essex, SE England. It is a market center (especially for cattle) for the surrounding agricultural district. , Mass. -- The Board of Directors of Courier A monospaced typeface originating from the typewriter that is commonly used for letters. It is still considered by many to be the "appropriate" typeface for business correspondence. Corporation (Nasdaq: CRRC CRRC Cool Roof Rating Council CRRC Combat Rubber Raiding Craft CRRC Caucasus Research Resource Center CRRC California Refuse Removal Council CRRC Chesapeake Regional Ranges Cooperative CRRC Construction Requirements Review Committee CRRC Combat Rigid Raiding Craft ), today declared a dividend of 18.0 cents per common share, payable December 1, 2006, to stockholders of record on November 20, 2006. The amount of the dividend is 50% higher than the 12.0 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. of common stock declared in the previous quarter. This marked the tenth consecutive year of double-digit increases in Courier's dividend. In announcing the dividend increase, Courier Chairman and Chief Executive Officer James F. Conway III said, "We're pleased to be able to provide yet another double-digit dividend increase, reflecting our excellent performance in fiscal 2006. Over the last ten years, Courier's common stock dividend has increased at a compound annual rate of 20%. We are grateful to our shareholders for their support, and pleased that our strong cash flow enables us to reward them with consistent dividend growth." About Courier Corporation Courier Corporation publishes, prints and sells books. Headquartered in North Chelmsford, Massachusetts North Chelmsford is a part of the U.S. town of Chelmsford, Massachusetts. Although North Chelmsford has its own zip code, library, post office, police station, fire station, and local calling area, it is run by the same local town government and is part of the same school district , Courier has two business segments, full-service book manufacturing and specialty publishing. For more information, visit www.courier.com. |
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