FARMINGDALE, N.Y., April 19, 2017 /PRNewswire/ -- Cemtrex Inc.
(Nasdaq: CETX, CETXP, CETXW), a world leading industrial and
manufacturing solutions company announced, that today, Company is
paying its first ever cash dividend on common stock to shareholders
of record on March 31, 2017. The
Company is seeking to broaden its investor base, because some
mutual funds will only invest in stocks that pay
dividends.
The Company has already paid a prorated portion of
$1.00 per share per year, cash
dividend on its outstanding Series 1 Preferred shares on
March 31, 2017.
"We have sufficient cash flow and confidence in the future to
give us comfort that we can afford to fund both a dividend and our
ongoing acquisition program," said Saagar Govil, Chairman &
CEO, "We have joined the ranks of dividend payers and are
pleased to return capital to our shareholders," continued Mr.
Govil.
About Cemtrex
Cemtrex, Inc. (NASDAQ:CETX) is a global, diversified industrial
and manufacturing company that provides a wide array of solutions
to meet today's technology challenges and is rapidly growing
through acquisitions. Cemtrex provides: manufacturing services of
advanced custom engineered electronics, industrial contracting
services, monitoring instruments for industrial processes and
environmental compliance, and equipment for controlling
particulates, hazardous pollutants, and Greenhouse gases used in
carbon trading globally.
www.cemtrex.com
@Cemtrex
Safe Harbor Statement
This press release contains forward-looking statements. Actual
results could differ materially from those projected in the
forward-looking statements as a result of a number of risks and
uncertainties. Statements made herein are as of the date of this
press release and should not be relied upon as of any subsequent
date.
For further information, please contact:
Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
155593@email4pr.com
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SOURCE Cemtrex Inc.