Printer Friendly

GOLDTEX ANNOUNCES ADOPTION OF NEW DIVIDEND POLICY AND DECLARATION OF FIRST DIVIDEND

 GOLDTEX ANNOUNCES ADOPTION OF NEW DIVIDEND POLICY
 AND DECLARATION OF FIRST DIVIDEND
 GOLDSBORO, N.C., Dec. 13 /PRNewswire/ -- Goldtex, Inc. (NASDAQ-NMS: GLTX) announced today that its Board of Directors has adopted a new dividend policy providing for the payment of quarterly cash dividends on its common stock equal to one-third, rounded to the nearest whole cent, of the corporation's earnings per share for the previous quarter. The policy provides that each dividend will be paid during the third month following the close of each fiscal quarter of the corporation. Pursuant to this policy, the Board declared a dividend of $.03 per share payable on January 9, 1992 to stockholders of record as of December 23, 1991. This is the first declaration of a cash dividend since the formation of Goldtex in 1983.
 Goldtex, Inc., headquartered in Goldsboro, North Carolina, is engaged in the printing, dyeing and finishing of fabrics for others on a commission basis.
 -0- 12/13/91
 /CONTACT: Wilbur O. Hopper, President and Chief Executive officer, Goldtex, Inc, 919-736-7411/
 (GLTX) CO: Goldtex, Inc. ST: North Carolina IN: TEX SU: DIV


JM -- CH001 -- 2241 12/13/91 08:00 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 13, 1991
Words:191
Previous Article:WESTERN GAS RESOURCES DECLARES FOURTH QUARTER DIVIDEND
Next Article:STERLING WINTHROP VOLUNTARILY RECALLS CERTAIN BAYER PRODUCTS TO ASSURE QUALITY
Topics:


Related Articles
GOLDTEX, INC. ANNOUNCES RESULTS
GOLDTEX ANNOUNCES CHANGES IN MANAGEMENT
GOLDTEX ANNOUNCES CHANGES IN MANAGEMENT
GOLDTEX DECLARES DIVIDEND
COMPANIA DE TELEFONOS DE CHILE S.A. ANNOUNCES RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 1992 AND DECLARATION OF FIRST QUARTER DIVIDEND
GOLDTEX, INC. ACQUIRES ROSEWOOD FABRICS OPERATION OF GUILFORD MILLS
TOMEN AMERICA TO ACQUIRE GOLDTEX THROUGH CASH MERGER
GOLDTEX ANNOUNCES THE COMPLETION OF ITS ACQUISITION BY TOMEN AMERICA
LSI Industries Announces New Cash Dividend Policy and Increases Regular Cash Dividend Rate.
James River Group Announces Board's Adoption of Dividend Policy.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters