BLOOMFIELD, Conn., Sept. 18 /PRNewswire-FirstCall/ -- (Nasdaq: KAMN)
The Kaman Corporation board of directors today declared a regular quarterly
dividend of 14 cents per share on shares of Kaman common stock. The
dividend will be paid on October 22, 2007 to shareholders of record on
October 8, 2007.
The dividend represents an increase of 12 percent and raises the
expected annual dividend rate from $.50 to $.56 per share, subject to the
board's periodic review of its dividend policy.
Mr. Paul R. Kuhn, chairman and chief executive officer, said, "Kaman
has paid a cash dividend to its shareholders each quarter since 1971. The
increase we are announcing today is a reflection of the continuing progress
the board of directors and management believe has been made over the past
several years and our confidence in the company's competitive position in
the principal markets we serve."
Kaman Corp. conducts business in the aerospace, industrial distribution
and music markets.
SOURCE Kaman Corporation
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Related links:
http://www.kaman.com
http://www.prnewswire.com/comp/480450.html /
CONTACT:
Russell H. Jones, SVP, Chief Investment
Officer & Treasurer of Kaman Corporation, +1-860-243-6307,
Russell.Jones@kaman.com
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