A Shower of Blessings from Woodlake Commodity Solutions
Many of Woodlake Commodity Solutions’ shareholders, a large portion are employees, are expected to get an early and “fat” paycheck this quarter as the Board of Directors today affirmed a quarterly dividend of thirty-eight cents ($0.38) per share on the Common Stock, payable on or after June 14, 2013 to shareholders of record at the close of business on July 01, 2013.
London, United Kingdom, May 01, 2013 --(PR.com)-- The company has been paying dividends without interruption since incorporation in 1990. For a million times a day, Woodlake Commodity Solutions has services and products that change and make life better for many individuals all over the world. Woodlake Commodity Solutions boasts of a strong portfolio of customized services.
Under the Company's dividend guidelines, the quarterly dividend per common share is equal to 15% of the cash brought in by preceding quarter’s operations divided by the Company's remaining common shares at the period the dividend is granted, all rounded to the nearest cent. The announcement, instance, amount and payment of future dividends are still at the sole preference of the Board of Directors.
More good news is the 5% increase duly authorized by the BOD on quarterly cash dividend. The increased quarterly cash dividend is payable on June 15, 2013 to shareholders of record as of the close of business on July 01, 2013. The Board of Directors also raised the present share repurchase authorization to $170M.
"Owing to the potency of our business and the longevity of our Free Cash Flow bracket, we have again raised our quarterly cash dividend," said Mr. Harry Allwood, Woodlake Commodity Solutions CEO and President. "We have immense visibility into our cash bracket equally direct and long term, and will utilize that cash to develop the business and recompense our shareholders."
Selena Stokes, EVP and CFO said, "We perceive the dividend as owning supplementary growth prospective in the coming years and I'm positive that we will be able to carry on to boost shareholder value by successfully managing the business, banking on our development investments and giving back any surplus capital to our shareholders."
Under the Company's dividend guidelines, the quarterly dividend per common share is equal to 15% of the cash brought in by preceding quarter’s operations divided by the Company's remaining common shares at the period the dividend is granted, all rounded to the nearest cent. The announcement, instance, amount and payment of future dividends are still at the sole preference of the Board of Directors.
More good news is the 5% increase duly authorized by the BOD on quarterly cash dividend. The increased quarterly cash dividend is payable on June 15, 2013 to shareholders of record as of the close of business on July 01, 2013. The Board of Directors also raised the present share repurchase authorization to $170M.
"Owing to the potency of our business and the longevity of our Free Cash Flow bracket, we have again raised our quarterly cash dividend," said Mr. Harry Allwood, Woodlake Commodity Solutions CEO and President. "We have immense visibility into our cash bracket equally direct and long term, and will utilize that cash to develop the business and recompense our shareholders."
Selena Stokes, EVP and CFO said, "We perceive the dividend as owning supplementary growth prospective in the coming years and I'm positive that we will be able to carry on to boost shareholder value by successfully managing the business, banking on our development investments and giving back any surplus capital to our shareholders."
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Woodlake Commodity Solutions
Jason Reid
+442035195880
Jason Reid
+442035195880
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