Northern Technologies Highlights Commitment with Cash Dividend

Northern Technologies International Corporation Dividend Announcement
In a recent update, Northern Technologies International Corporation (NASDAQ: NTIC), recognized for its innovative solutions in the corrosion prevention sector, has taken a significant step by declaring a quarterly cash dividend. The announcement of this $0.01 per share dividend reflects the company's dedication to its shareholders and its sustainable business practices.
Details of the Dividend Declaration
The Board of Directors has set the dividend payment date for November 12. Shareholders who are on record by October 29 will receive this return on investment, showcasing Northern Technologies' ongoing commitment to delivering value to its investors.
About Northern Technologies International Corporation
Northern Technologies has made a mark as a foremost developer in the realm of corrosion inhibition and eco-friendly materials. With an expansive presence in over 65 countries, the company not only markets corrosion prevention products but also provides consulting services. Their flagship brand, ZERUST®, has been at the forefront of rust and corrosion management in various industries including automotive and military sectors for more than five decades.
Innovations in Corrosion Prevention and Eco-Friendly Materials
The company has not only maintained a stronghold in corrosion prevention but has also made strides into the oil and gas industry. With a focus on sustainability, NTIC has diversified its product portfolio to include bio-based and biodegradable polymer resin compounds marketed under the Natur-Tec® brand. These innovations highlight NTIC's commitment to environmentally responsible solutions that meet modern market demands.
Technical Consulting Services
In addition to their product offerings, NTIC provides technical consulting services tailored to the specific needs of clients. Their team of experienced consultants works closely with end users to address unique corrosion issues, ensuring that systems are in place to protect valuable assets effectively. This level of support is crucial in industries where equipment integrity is paramount.
Future Directions for Northern Technologies
As NTIC continues to expand and innovate, the focus remains on sustainability and customer satisfaction. By developing advanced solutions for corrosion prevention and environmentally friendly materials, the company positions itself for future growth. Shareholders can feel confident in NTIC's proactive approach to balancing profitability with ecological responsibility.
Investor and Media Contact
For further inquiries, Matthew Wolsfeld, CFO of Northern Technologies, is available at (763) 225-6600 for any investor relations or media-related questions. His insights are invaluable for those looking to understand more about the company's direction and strategies.
Frequently Asked Questions
What is the amount of the quarterly dividend declared by NTIC?
The quarterly dividend declared by Northern Technologies International Corporation is $0.01 per share.
When will the dividend be paid?
The dividend will be paid on November 12 to shareholders on record as of October 29.
What industries does NTIC serve with its products?
Northern Technologies serves various industries including automotive, military, electronics, and oil and gas.
What is the focus of NTIC's product development?
NTIC focuses on developing corrosion prevention products and biodegradable polymer resin compounds that are environmentally beneficial.
Who can investors contact for more information about NTIC?
Investors can contact Matthew Wolsfeld, CFO of NTIC, for additional information and inquiries.
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