CINCINNATI, Aug. 14, 2012 /PRNewswire/ -- CECO Environmental Corp. (NasdaqGM: CECE), a leading global provider of air pollution control technology and industrial ventilation systems, today announced that its Board of Directors is raising its quarterly dividend 29% to $0.045 per share from the previous quarterly dividend of $0.035 per share. The dividend will be paid on September 28, 2012, to all shareholders of record at the close of business on September 14, 2012.
CECO also announced today that its Board of Directors has approved a Dividend Reinvestment Plan (the "Plan") for eligible holders of CECO common shares. Participants in the Plan can increase their holdings by having all or a certain portion of their dividends (if, as and when declared by the CECO's Board of Directors and paid) reinvested in CECO common stock at a discount to the market price, as described in the Plan. American Stock Transfer & Trust Company ("AST") will serve as CECO's plan administrator.
Registered CECO shareholders, those shareholders that hold the shares in their own name, wishing to participate in the Plan will be able to find the full text of the Plan prospectus and enrollment forms at www.amstock.com. Non-registered beneficial shareholders, those shareholders who hold the shares in an account with a broker, are advised to contact their brokers, investment dealers or other financial intermediaries for details on how to participate in the Plan.
CECO filed a registration statement (including a prospectus) yesterday with the Securities and Exchange Commission to register common stock to be offered under the Plan. Before enrolling, shareholders are advised to read the complete text of the Plan prospectus and to consult with their financial advisors regarding their individual investment profile and tax situation. Shareholders may request a Plan prospectus by contacting AST at (866) 708-5574. The Plan prospectus is also available by visiting the SEC web site at www.sec.gov.This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.