The board of directors of Pall Corporation (NYSE:PLL) today declared a 19-percent increase in the company's quarterly dividend from the current rate of $0.21 to $0.25 per share.
"Pall continues to generate strong cash flow to support our growth plans while also delivering returns to shareholders," said Pall President and CEO Larry Kingsley. "The board's decision to increase the quarterly dividend demonstrates our long-term commitment to enhance shareholder value."
The dividend of $0.25 is payable November 2, 2012 to shareholders of record on October 12, 2012. This is the ninth time the company has increased its cash dividend since 2004.
About Pall CorporationPall Corporation (NYSE:PLL) is a filtration, separation and purification leader providing solutions to meet the critical fluid management needs of customers across the broad spectrum of life sciences and industry. Pall works with customers to advance health, safety and environmentally responsible technologies. The Company’s engineered products enable process and product innovation and minimize emissions and waste. Pall Corporation is an S&P 500 company serving customers worldwide. Pall has been named a “top green company” by Newsweek magazine. To see how Pall is helping enable a greener, safer, more sustainable future, follow us on Twitter @PallCorporation or visit www.pall.com/green.