Northern Technologies International Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.01 per share. This dividend is payable on May 14, 2025, to shareholders of record at the close of business on April 30, 2025. This represents a substantial reduction from previous quarterly dividend payments of $0.07 per share.
The temporary adjustment of the quarterly dividend is a strategic decision by management to manage cash, reduce debt, and enhance financial flexibility. This move is intended to support ongoing investments in growth initiatives, particularly in the ZERUST Oil and Gas and Natur-Tec segments, and to navigate the current uncertain global economic environment.
This dividend change reflects a disciplined capital allocation approach, prioritizing funding for strategic growth and maintaining financial resilience. The company aims to strengthen its balance sheet and ensure resources are available for long-term development, even if it means a temporary reduction in shareholder returns.
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