AKRON, Ohio, Dec. 10, 2012 /PRNewswire/ -- The Board of Directors of A. Schulman, Inc. (Nasdaq-GS: SHLM) declared today its regular cash dividend of $0.195 per common share, payable December 31, 2012, to shareholders of record on December 20, 2012. This dividend is in lieu of the quarterly dividend A. Schulman would have otherwise paid after the Company announced its fiscal 2013 first-quarter results in January of 2013.
"It is our hope that accelerating the payment of this dividend before the end of 2012 will result in the most favorable tax treatment for the benefit of our shareholders," said Joseph J. Levanduski, Vice President, Chief Financial Officer and Treasurer of A. Schulman.
About A. Schulman, Inc.
A. Schulman, Inc. is a leading international supplier of high-performance plastic compounds and resins headquartered in Akron, Ohio. Since 1928, the Company has been providing innovative solutions to meet its customers' demanding requirements. The Company's customers span a wide range of markets such as packaging, mobility, building & construction, electronics & electrical, agriculture, personal care & hygiene, sports & leisure, custom services and others. The Company employs approximately 3,100 people and has 34 manufacturing facilities globally. A. Schulman reported net sales of $2.1 billion for the fiscal year ended August 31, 2012. Additional information about A. Schulman can be found at www.aschulman.com.
SOURCE A. Schulman, Inc.