American Ecology Declares Increased Quarter Dividend of $0.18 Per Share
American Ecology Corporation (NASDAQ: ECOL) today declared that stockholders of record on July 11, 2008 will receive a quarterly cash dividend of $0.18 per common share, payable on July 18, 2008. The Company approved the increased quarterly dividend from $0.15 to $0.18 per common share, a 20% increase, in May 2008.
At March 31, 2008, the Company reported 18.3 million shares outstanding and $10.4 million in cash and short-term investments on hand. The Company estimates that approximately $3.3 million in cash will be paid out for the declared quarterly dividend.
About American Ecology Corporation
American Ecology Corporation, through its subsidiaries, provides radioactive, PCB, hazardous, and non-hazardous waste services to commercial and government customers throughout the United States, such as steel mills, medical and academic institutions, petro-chemical facilities and the nuclear power industry. Headquartered in Boise, Idaho, the Company is the oldest radioactive and hazardous waste services company in the United States.
Contact: Alison Ziegler Cameron Associates (212) 554-5469 firstname.lastname@example.org
SOURCE: American Ecology Corporation