MOCON, Inc. has announced a quarterly cash dividend of ten cents per share.
The announcement constitutes the 93rd consecutive quarter that the company has provided stockholders with quarterly dividends.
MOCON’s Board of Directors declared a cash dividend of $0.10 per share, payable on 18th November 2011 to all shareholders of record on 4th November 2011.
MOCON provides detectors, instruments, systems and consulting services to research laboratories, production facilities, and quality control and safety departments in the medical, pharmaceutical, food and beverage, packaging, environmental, oil and gas and other industries worldwide.
Prior to the present policy of quarterly dividends, the Company had been paying dividends on a semi-annual bases since 1984.