Announcing an increase of more than eight per cent to its quarterly dividend rate, the board of directors of Harsco today declared a regular quarterly cash dividend of $0.325 per share, or $1.30 per share on an annualised basis.
The dividend is payable 15 February 2006 to stockholders of record as of 16 January 2006.
The action represents Harsco’s 12th consecutive dividend increase in the past 12 years, and the 223rd consecutive quarterly dividend paid to Harsco stockholders at the same or increased rate. The company has paid dividends every year since 1939.
Commenting on the dividend, Harsco CEO Derek C. Hathaway said: “The board’s action reaffirms its continuing confidence in Harsco’s substantial cash flows and prospects for growth, together with our long tradition for rewarding Harsco stockholders with a predictable and direct return on their investment.”