SOUTHFIELD, Mich.--()--Detrex Corporation (Pink Sheets: DTRX) announced today that it will pay a $0.25 quarterly dividend on March 28, 2013 to shareholders of record as of March 15, 2013.
Detrex President and CEO Tom Mark said, “Today’s dividend announcement conveys the Board’s confidence in the strength of the Company and its prospects. 2012 was a positive year for us in many respects, and we finished the year with solid operating performance at our subsidiary, The Elco Corporation. We plan on releasing the audited 2012 financial results after an extensive evaluation of our environmental liabilities has been completed.”
About Detrex Corporation
Founded in 1925, Detrex Corporation through its subsidiary The Elco Corporation is a leading manufacturer of high performance specialty chemicals including additives for industrial petroleum products and high purity hydrochloric acid.
Forward Looking Statements
Statements included in this press release that are not historical in nature are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “1995 Act”). The words “believe,” “expect,” “anticipate,” “estimate,” “guidance,” “target” and similar expressions identify forward-looking statements. The Company cautions readers that forward-looking statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from those projected in the forward-looking statements. Certain risks and uncertainties are identified from time to time in the Company’s reports. Some factors that could cause results to differ materially from those projected in the forward-looking statements include: market conditions, environmental remediation costs, pension expense and funding requirements, liquidation value of assets, and marketability of real estate and the market value and future liquidity of Detrex stock. The Company claims the protection of the safe harbor for forward-looking statements contained in the 1995 Act.