Jinpan International Announces Date of Second 2012 Dividend Payment
CARLSTADT, N.J., June 15, 2012 /PRNewswire/ -- Jinpan International Ltd. (Nasdaq: JST) (the "Company"), a leading designer, manufacturer, and distributor of cast resin dry type transformers, today announced the date in which the Company will pay the second portion of its annual dividend payment.
In January 2012, the Company announced an annual dividend of $0.14 per common share, half of which was payable to shareholders in February 2012. The second half, or $0.07, of this annual dividend payment will be payable on July 12, 2012 to shareholders of record as of June 28, 2012.
Mr. Zhiyuan Li, Chief Executive Officer of Jinpan commented, "We are pleased to reward our shareholders with our dividend program. The second payment further reflects our confidence in our business outlook in 2012 and our commitment to creating value for our shareholders."
About Jinpan International Ltd.
Jinpan International Ltd. (Nasdaq: JST) designs, manufactures, and markets cast resin transformers for power distribution and wind energy products. Jinpan's cast resin transformers allow high voltage transmissions of electricity to be distributed to various locations in lower, more usable voltages. The Company has obtained ISO9001 and ISO14001 certifications for its cast resin transformers. Its principal executive offices are located in Hainan, China and its U.S. headquarters is based in Carlstadt, New Jersey.
Safe Harbor Provision
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and observations and involve known and unknown risks, and uncertainties or other factors not under the Company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors are listed from time-to-time in our filings with the Securities and Exchange Commission, including, without limitation, our Annual Report on Form 20-F for the period ended December 31, 2011 and our subsequent reports on Form 6-K.
Except as required by law, we are not under any obligation, and expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Jinpan International Ltd.