Jinpan International Announces First Quarterly Dividend Payment for 2013 -- Company Announces First Quarter Cash Dividend of $0.03 per Common Share --
CARLSTADT, N.J., March 8, 2013 /PRNewswire/ -- Jinpan International Ltd (Nasdaq: JST), a leading designer, manufacturer, and distributor of cast resin transformers, today announced that its first quarterly cash dividend of 2013, in the amount of $0.03 per common share, will be payable on March 28, 2013 to shareholders of record as of March 21, 2013.
Mr. Zhiyuan Li, Chief Executive Officer of Jinpan, commented, "We are pleased to pay our first dividend payment for 2013 as well as move to a quarterly payment schedule in 2013. We remain committed to returning capital to our shareholders while we continue to invest in the long-term growth of our business."
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's manufacturing facilities in China have obtained ISO9001 and ISO14001 certifications. Its principal executive offices are located in Hainan, China and its United States office 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.