ELMIRA — Hardinge Inc. (NASDAQ: HDNG), a global manufacturer of metal-cutting tools, announced Tuesday that its board of directors has authorized a regular quarterly cash dividend of 2 cents a share.
The dividend is payable June 10 to shareholders of record at the close of business on June 2.
Based on Tuesday’s closing price of $12.99 for Hardinge shares, the company’s annual dividend yield equals 0.62 percent. The 2 cents a share is the same dividend amount the company has paid in each of the previous 11 quarters.
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Elmira–based Hardinge, which generates about 75 percent of its sales outside the U.S., is set to report its fourth-quarter earnings on Thursday, May 8, before the open of trading. The company employs about 1,500 people globally.
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