Empire Resources Declares 43rd Consecutive Quarterly Dividend
FORT LEE, N.J., Dec. 11, 2013
FORT LEE, N.J., Dec. 11, 2013 /PRNewswire/ --Empire Resources, Inc. (NASDAQ:
ERS), a distributor of value added, semi-finished metal products, announced
today that its Board of Directors has declared a regular dividend of $0.025
per share. The cash dividend is payable on January 7, 2014 to stockholders of
record at the close of business on December 24, 2013.
Nathan Kahn, President and CEO, commented, "The continued execution of our
plan to achieve profitable growth as well as our consistent quarterly dividend
over the past 43 quarters reflect our commitment to creating value for our
The Board of Directors intends to review its dividend policy on a quarterly
basis and make its determination based on profitability, free cash flow and
the other requirements of the business.
Empire Resources, Inc. is a distributor of a wide range of semi-finished metal
products to customers in the transportation, automotive, housing, appliance
and packaging industries in the U.S., Canada, Latin America, Australia, New
Zealand and Europe. It maintains supply contracts with mills in various parts
of the world.
This press release contains "forward-looking statements." Such statements may
be preceded by the words "intends," "may," "will," "plans," "expects,"
"anticipates," "projects," "predicts," "estimates," "aims," "believes,"
"hopes," "potential" or similar words. Forward-looking statements are not
guarantees of future performance, are based on certain assumptions and are
subject to various known and unknown risks and uncertainties, many of which
are beyond the Company's control, and cannot be predicted or quantified and
consequently, actual results may differ materially from those expressed or
implied by such forward-looking statements. Such risks and uncertainties
include, without limitation, risks and uncertainties associated with (i) the
loss or default of one or more suppliers; (ii) the loss or default of one or
more significant customers; (iii) a default by counterparties to derivative
financial instruments; (iv) changes in general, national or regional economic
conditions; (v) an act of war or terrorism that disrupts international
shipping; (vi) changes in laws, regulations and tariffs; (vii) the imposition
of anti-dumping duties on products the Company imports; (viii) changes in the
size and nature of the Company's competition; (ix) changes in interest rates,
foreign currencies or spot prices of aluminum; (x) the loss of one or more key
executives; (xi) increased credit risk from customers; (xii) the Company's
failure to grow internally or by acquisition and (xiii) the Company's failure
to improve operating margins and efficiencies. More detailed information about
the Company and the risk factors that may affect the realization of
forward-looking statements is set forth in the Company's filings with the
Securities and Exchange Commission (SEC), including the Company's Annual
Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and
security holders are urged to read these documents free of charge on the SEC's
web site at http://www.sec.gov. The Company assumes no obligation to publicly
update or revise its forward-looking statements as a result of new
information, future events or otherwise.
SOURCE Empire Resources, Inc.
Contact: Investor Relations: Comm-Counsellors, LLC, Edward Nebb, +1
203-972-8350, email@example.com, June Filingeri, +1 203-972-0186,
firstname.lastname@example.org or Shareholders: David Kronfeld, +1 917-408-1940,
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