Attached files
| file | filename |
|---|---|
| 8-K - STANDARD MOTOR PRODUCTS, INC. | v171566_8k.htm |
For
Immediate Release
For more
information, contact:
James J.
Burke
Standard
Motor Products, Inc.
(718)
392-0200
Jennifer
Tio
Maximum
Marketing Services, Inc.
(312)
226-4111 x2449
Jennifer.tio@maxmarketing.com
Standard
Motor Products, Inc. Reinstates
Quarterly
Dividend
New York,
NY, January 19, 2010......Standard Motor Products, Inc. (NYSE: SMP), an
automotive replacement parts manufacturer and distributor, reported today that
its Board of Directors has approved the reinstatement of a quarterly dividend.
The Board approved a dividend of five cents per share on the common
stock outstanding to be paid on March 1, 2010 to stockholders of record on
February 15, 2010.
Lawrence
I. Sills, Standard Motor Products’ Chairman and Chief Executive Officer,
stated, “Our Board’s decision to reinstate the dividend reflects our improved
financial performance. The aggressive steps we have taken over the past twelve
months have strengthened our financial and liquidity position, which has now
allowed us to return to providing cash dividends to our
shareholders.”
37-18
Northern Blvd., Long Island City, NY 11101
(718)
392-0200
www.smpcorp.com
Under
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995, Standard Motor Products cautions investors that any forward-looking
statements made by the company, including those that may be made in this press
release, are based on management’s expectations at the time they are made, but
they are subject to risks and uncertainties that may cause actual results,
events or performance to differ materially from those contemplated by such
forward looking statements. Among the factors that could cause actual results,
events or performance to differ materially from those risks and uncertainties
discussed in this press release are those detailed from time-to-time in prior
press releases and in the company’s filings with the Securities and Exchange
Commission, including the company’s annual report on Form 10-K and quarterly
reports on Form 10-Q. By making these forward-looking statements,
Standard Motor Products undertakes no obligation or intention to update these
statements after the date of this release.
###