Flamemaster Announces 3-Cent Dividend, Buyback
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Flamemaster, a manufacturer of specialty chemicals, has declared a 3-cents-per-share quarterly cash dividend and a stock buyback.
The company will repurchase up to 150,000 common shares, or about 9% of the outstanding stock, which the Sun Valley-based company considers “undervalued at these levels.” Companies typically launch a buyback program to try to boost the value of their shares.
The cash dividend is payable on Oct. 22 to shareholders of record as of Oct. 8.
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