Cemtrex Inc (CETX)

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Cemtrex Pays its First Ever Cash Dividend on Common Stock

Source: PR Newswire (US)
FARMINGDALE, N.Y., April 19, 2017 /PRNewswire/ -- Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading industrial and manufacturing solutions company announced, that today, Company is paying its first ever cash dividend on common stock to shareholders of record on March 31, 2017. The Company is seeking to broaden its investor base, because some mutual funds will only invest in stocks that pay dividends.

SEE SAYS A DOLLAR!

The Company has already paid a prorated portion of $1.00 per share per year, cash dividend on its outstanding Series 1 Preferred shares on March 31, 2017.

"We have sufficient cash flow and confidence in the future to give us comfort that we can afford to fund both a dividend and our ongoing acquisition program," said Saagar Govil, Chairman & CEO, "We have joined the ranks of dividend payers and are pleased to return capital to our shareholders," continued Mr. Govil.

About Cemtrex

Cemtrex, Inc. (NASDAQ:CETX) is a global, diversified industrial and manufacturing company that provides a wide array of solutions to meet today's technology challenges and is rapidly growing through acquisitions.




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