ELMIRA — Hardinge Inc. (NASDAQ: HDNG), a global manufacturer of metal-cutting tools, announced Tuesday that its board of directors has approved payment of a regular quarterly cash dividend of 2 cents a share.
The dividend is payable March 8 to stockholders of record at the close of business on Feb. 28. Based on yesterday’s $11.25 closing price for Hardinge shares, the company’s annual dividend yield equals 0.71 percent. The 2 cents a share is the same dividend amount the company has paid in each of the previous six quarters.
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, before the open of trading. The company employs more than 1,300 people globally.
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