Ocean Bio-Chem Declares Special Cash Dividend: $0.05 per/share
Shareholder Loyalty Rewarded
FORT LAUDERDALE, Fla., March 19, 2014
FORT LAUDERDALE, Fla., March 19, 2014 /PRNewswire/ -- Ocean Bio-Chem, Inc.
(NASDAQ: OBCI), a leading manufacturer and distributor of appearance,
performance, and maintenance products serving the marine, automotive, power
sports, recreational vehicle and outdoor power equipment markets, announced
today that its Board of Directors declared a special cash dividend of $0.05
per share, payable on April 15, 2014 to shareholders of record on April 1,
"We are very pleased to be able to provide to our shareholders the first cash
dividend in our Company's history, said Peter Dornau, Ocean Bio-Chem's
President and Chief Executive Officer. "This dividend demonstrates Ocean
Bio-Chem's strong financial condition and our commitment to increasing
About Ocean Bio-Chem, Inc.:
Ocean Bio-Chem, Inc. is principally engaged in the manufacturing, marketing
and distribution of a broad line of appearance and maintenance products for
boats, recreational vehicles, automobiles, power sports, outdoor power
equipment and motorcycle markets under the Star brite® StarTron® and other
trademarks within the United States of America and Canada. In addition, the
Company produces private label formulations of many of its products for
various customers and provides custom blending and packaging services for
these and other products.
The Company trades publicly under NASDAQ Capital Markets, Ticker Symbol: OBCI.
The Company's web sites are: www.oceanbiochem.com, www.starbrite.com
www.startron.com, and www.nos-guard.com
Certain statements contained in this Press Release constitute forward-looking
statements.For this purpose, any statements contained in this report that are
not statements of historical fact may be deemed forward-looking
statements.Without limiting the generality of the foregoing, words such as
"believe," "may," "will," "expect," "anticipate," "intend," or "could,"
including the negative or other variations thereof or comparable terminology,
are intended to identify forward-looking statements.These statements involve
known and unknown risks, uncertainties and other factors which may cause
actual results to be materially different from those expressed or implied by
such forward-looking statements.Factors that may affect these results
include, but are not limited to, the highly competitive nature of our
industry; reliance on certain key customers; changes in consumer demand for
marine, recreational vehicle and automotive products; advertising and
promotional efforts; exposure to market risks relating to changes in interest
rates, foreign exchange rates, prices for raw materials that are petroleum or
chemical based and other factors.
CEO and President
Vice President & CFO
E & E Communications
SOURCE Ocean Bio-Chem, Inc.
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