Niagara Corporation Announces 25 Cents Per Share Dividend
17 Agosto 2004 - 9:45AM
PR Newswire (US)
Niagara Corporation Announces 25 Cents Per Share Dividend Schedules
2004 Annual Meeting NEW YORK, Aug. 17 /PRNewswire-FirstCall/ --
Niagara Corporation (OTC:NIAG.PK) announced today that its Board of
Directors has declared a special dividend of 25 cents ($ .25) per
share. The dividend will be payable on September 15, 2004 to
stockholders of record on September 1, 2004. Niagara also announced
that it has scheduled its 2004 Annual Meeting of Stockholders for
Wednesday, September 8, 2004. Stockholders of record on August 12,
2004 will be entitled to vote at the Annual Meeting and will
shortly be receiving a notice of meeting, related proxy materials,
the 2003 Annual Report and the Six Month Report for the period
ended June 30, 2004. In commenting on the special dividend, Michael
Scharf, Chairman and CEO of Niagara, stated: "We are pleased that
Niagara's outstanding operating results, significantly reduced debt
levels and anticipated cost-savings from the Company's recent
deregistration have allowed us to pay this special cash dividend to
our stockholders." This release contains certain "forward-looking
statements" made pursuant to the "safe-harbor" provisions of the
Private Securities Litigation Reform Act of 1995. These statements
involve known and unknown risks, uncertainties and other factors,
many of which are beyond the control of the Company, that may cause
the Company's actual results to be materially different from those
expressed or implied by such statements. Such risks, uncertainties
and other factors include those described in the Company's Annual
Report on Form 10-K for the year ended December 31, 2003. The
forward-looking statements made herein are only made as of the date
of this release, and the Company undertakes no obligation to
publicly update such forward-looking statements to reflect
subsequent events or circumstances. DATASOURCE: Niagara Corporation
CONTACT: Michael Scharf, CEO of Niagara Corporation,
+1-212-317-1000 Web site: http://www.niag.com/
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