Interpool, Inc. (NYSE:IPX) announced today that it will pay a cash dividend of 8.0 cents per share for the fourth quarter of 2005, an increase over the Company's previous quarterly dividend of 7.5 cents. The dividend will be payable on January 16, 2006 to shareholders of record on January 2, 2006. The aggregate amount of the dividend is expected to be approximately $2,280,000. The amount of the quarterly dividend is based on an indicated annualized dividend rate of 32 cents per share. Interpool's Chairman and Chief Executive Officer, Martin Tuchman, commented, "The increased dividend is reflective of Interpool's continued focus on shareholder value. While we are utilizing our strong cash flow to grow our core business, we are excited to also have the opportunity to distribute more of our profits to shareholders." Interpool is one of the world's leading suppliers of equipment and services to the transportation industry. It is the world's largest lessor of intermodal container chassis and a world-leading lessor of cargo containers used in international trade. Note: This press release and other press releases and information can be viewed at the Company's website at www.interpool.com. This Press Release contains certain forward-looking statements regarding future circumstances. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements, including in particular the risks and uncertainties described in the company's SEC filings. The Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof.
Interpool (NYSE:IPX)
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