HOUSTON, Feb. 21,
2024 /PRNewswire/ -- Adams Resources & Energy,
Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announced
that its Board of Directors declared a quarterly cash dividend in
the amount of $0.24 per common share
for the fourth quarter of 2023, payable on March 22, 2024 to shareholders of record as of
close of business on March 8,
2024.
Kevin J. Roycraft, Adams' Chief Executive Officer and
President, commented, "We are pleased to announce yet another
regular cash dividend for the advantage of our shareholders. Over
25 years, we have reliably paid dividends, thanks to our steadfast
commitment to maintaining the stability of our business and
fortifying our corporate financial standing."
Adams Resources & Energy, Inc. is engaged in
crude oil marketing, transportation, terminalling and storage, tank
truck transportation of liquid chemicals and dry bulk, interstate
bulk transportation logistics of crude oil, condensate, fuels, oils
and other petroleum products and recycling and repurposing of
off-specification fuels, lubricants, crude oil and other chemicals
through its subsidiaries, GulfMark Energy, Inc., Service Transport
Company, Victoria Express Pipeline, LLC, GulfMark Terminals, LLC,
Firebird Bulk Carriers, Inc. and Phoenix Oil, Inc. For more
information, visit www.adamsresources.com.
Cautionary Statement Regarding Forward-Looking
Statements
This news release contains forward-looking
statements. Forward-looking statements relate to future events and
anticipated results of operations, business strategies, and other
aspects of our operations or operating results. In many cases you
can identify forward-looking statements by terminology such as
"anticipate," "intend," "plan," "project," "estimate," "continue,"
"potential," "should," "could," "may," "will," "objective,"
"guidance," "outlook," "effort," "expect," "believe," "predict,"
"budget," "projection," "goal," "forecast," "target" or similar
words. Statements may be forward looking even in the absence of
these particular words. Where, in any forward-looking statement,
the Company expresses an expectation or belief as to future
results, such expectation or belief is expressed in good faith and
believed to have a reasonable basis. Forward-looking statements are
subject to risks and uncertainties that could cause actual results
to differ materially from those expressed or implied in the
forward-looking statements, and any other risk factors included in
Adams' reports filed with the Securities and Exchange Commission.
However, there can be no assurance that such expectation or belief
will result or be achieved. Unless legally required, Adams
undertakes no obligation to update publicly any forward-looking
statements, whether as a result of new information, future events
or otherwise.
Company Contact
Tracy E. Ohmart
EVP, Chief Financial Officer
tohmart@adamsresources.com
(713) 881-3609
Investor Relations Contact
John Beisler or Steven Hooser
Three Part Advisors
(817) 310-8776
View original content to download
multimedia:https://www.prnewswire.com/news-releases/adams-resources--energy-inc-announces-quarterly-cash-dividend-302067994.html
SOURCE Adams Resources & Energy, Inc.