HOUSTON, May 28, 2009 (GLOBE NEWSWIRE) -- KMG Chemicals, Inc. (Nasdaq:KMGB), a global provider of specialty chemicals in carefully focused markets, today announced that its Board of Directors declared a quarterly cash dividend of $0.02 per common share. The dividend is payable on June 25, 2009 to shareholders of record as of June 10, 2009. As of May 27, 2009, there were approximately 11.1 million common shares outstanding.
About KMG
KMG Chemicals, Inc., through its subsidiaries, produces and distributes specialty chemicals to carefully focused markets. The Company grows by acquiring and optimizing stable chemical product lines and businesses with established production processes. Its current operations are focused on the electronic, wood treatment, and agricultural chemical markets. For more information, visit the Company's web site at www.kmgchemicals.com.
The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development acceptance, the impact of competitive services and pricing and general economic risks and uncertainties.
CONTACTS: KMG Chemicals, Inc.
John V. Sobchak, Chief Financial Officer
713-600-3814
jsobchak@kmgchemicals.com
www.kmgchemicals.com
The Equity Group Inc.
Investor Relations Counsel:
Linda Latman
212-836-9609
LLatman@equityny.com
Melissa Dixon
212-836-9613
MDixon@equityny.com
www.theequitygroup.com
