Drew Industries Inc., a announced that its board has approved a special cash dividend of $2 per share of common stock.
The dividend is payable on Jan. 6, 2014, to stockholders of record at the close of business on Dec. 20, 2013.
“We are pleased to demonstrate our continued commitment to shareholder value through this special dividend,” said Drew CEO Jason Lippert. “It reflects the board’s confidence in the Company’s consistent financial performance and in its long-term strategic goals.”
Joe Giordano, Drew’s CFO and treasurer, added, “Our strong balance sheet and consistent cash flow positions us to continue to successfully execute on our strategy to grow sales through acquisitions, greater market share, and innovative new products.”