Flamemaster Announces 3-Cent Dividend, Buyback
Flamemaster, a manufacturer of specialty chemicals, has declared a 3-cents-per-share quarterly cash dividend and a stock buyback.
The company will repurchase up to 150,000 common shares, or about 9% of the outstanding stock, which the Sun Valley-based company considers “undervalued at these levels.” Companies typically launch a buyback program to try to boost the value of their shares.
The cash dividend is payable on Oct. 22 to shareholders of record as of Oct. 8.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
