LSB Industries, Inc. Declares Partial Cash Dividend on Preferred Stocks.OKLAHOMA CITY -- LSB (Linux Standard Base) A standard interface (ABI) for Linux from the Linux Foundation (www.linux-foundation.org). Introduced in 2001 by the Free Standards Group, which later became the Linux Foundation, applications based on the LSB standard will run properly under Industries, Inc. whose common stock is traded over the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol LXU (AMEX AMEX See: American Stock Exchange : LXU) announced today that the Board of Directors has declared partial dividends of $0.10 per share on the Company's $3.25 Convertible Exchangeable Class C Preferred Series 2 Stock, a $0.31 per share dividend on the Company's Convertible, Non-Cumulative Preferred Stock, and a $0.37 per share dividend on the Company's Series B 12% Cumulative, Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". , all payable on December 15, 2006 to shareholders of record on December 1, 2006. Accrued and unpaid dividends continue to increase with the payment of these partial dividends. LSB is a manufacturing, marketing and engineering company. LSB's principal business activities consist of the manufacture and sale of commercial and residential climate control products, such as geothermal and water source heat pumps, hydronic hy·dron·ic adj. Of or relating to a heating or cooling system that transfers heat by circulating a fluid through a closed system of pipes. [hydr(o)- + -onic (as in electronic).] fan coils, large custom air handlers, the manufacture and sale of chemical products for the mining, agricultural and industrial markets, and the provision of specialized engineering services and other activities. |
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