Ampco-Pittsburgh Corporation Announces Suspension of Quarterly Dividend and New Board Members
Ampco-Pittsburgh Corporation (AP)
Last ampco-pittsburgh corporation earnings: 11/7 08:20 am
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Source: Business Wire
CARNEGIE, Pa.--(BUSINESS WIRE)-- Ampco-Pittsburgh Corporation (NYSE: AP) today announced that the Board of Directors has suspended the Corporation’s quarterly cash dividend, beginning with the second quarter of 2017. “Ampco-Pittsburgh Corporation is in a period of growth. The decision to suspend the dividend is an effort to deliver value to shareholders by preserving liquidity for investments in that growth, including working capital, capital expenditures and acquisitions, and for the repayment of debt,” said John Stanik, Ampco-Pittsburgh’s Chief Executive Officer. “We believe this dividend decision will maintain the Corporation’s ability to remain focused on our strategic initiatives, ultimately increasing profitability and providing long-term value to our shareholders. The Board of Directors will continue regularly to assess the Corporation’s allocation of capital and evaluate the possibility of reinstating
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- Ampco-Pittsburgh Co. (NYSE: AP) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
AP
Sec Filings
- 4/5/24 - Form PRE
- 3/25/24 - Form 10-K
- 3/25/24 - Form 8-K
- AP's page on the SEC website