• Linkdin
Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
         Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Dividend time at non wovens maker Polymer Group Inc

06 Aug '05
2 min read

World's leading producers of nonwovens, Polymer Group Inc announced its Board of Directors has declared a dividend on its 16 percent Series A Convertible Pay-in-Kind Preferred Stock, par value $0.01 per share, (the "Preferred Stock") payable August 19, 2005 to holders of record as of August 15, 2005.

Under the terms of the Preferred Stock, dividends accrue at the rate of 16 percent per annum and are payable, at the option of the company, in cash or additional shares of Preferred Stock, or a combination thereof. The company will pay the dividend through the issuance of additional shares of Preferred Stock.

A dividend in the amount of 0.080 shares of additional Preferred Stock will be paid per share of outstanding Preferred Stock to holders of record as of August 15, 2004, for the period January 1, 2005, through June 30, 2005.

The company will issue an aggregate of approximately 4,660 shares of Preferred Stock as a dividend. No fractional shares will be issued.

US based Polymer Group Inc, technology-driven developer, producer and marketer of nonwovens & engineered materials. With the broadest range of process technologies in the nonwovens industry, PGI is a global supplier to leading consumer and industrial product manufacturers. The company operates 21 manufacturing facilities throughout the world.

Polymer Group Inc

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search