InvestorsHub Logo
Followers 30
Posts 1908
Boards Moderated 0
Alias Born 03/30/2009

Re: None

Monday, 06/11/2018 9:39:45 AM

Monday, June 11, 2018 9:39:45 AM

Post# of 368
Dividend due this month from China... AETI

And I know that you receive about every year in, what is it, April, May or June, a dividend payment from China. Is that due this year also?

--------------------------------------------------------------------------------

Charles M. Dauber, American Electric Technologies, Inc - CEO, President & Director [55]

--------------------------------------------------------------------------------

Yes. Yes, we've been -- the joint venture has been -- every single year, we've gotten cash back out in the form of a dividend which, as you know, is highly unusual for an American company with a Chinese joint venture. And so the joint venture was still profitable last year and we're still expecting our dividend in June, actually which is next month -- in June.