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.
(Sponsored)
Why Now Is the Time To Start Planning for Your Company’s Business Succession
You’ve built a great business, and you love what you do. Retirement is a long way off, so why worry about how you’ll transition the ownership of your company down
House of Representatives Passes $78 Billion Tax Package
On January 31, the House of Representatives overwhelmingly passed the Tax Relief for American Families and Workers Act of 2024, a tax package worth $78 billion. The bill was approved
Contact Rombel at arombel@cnybj.com
