insane dividends

[wzebra33]

$2.00 DIVIDEND
SOUTHFIELD, Mich., Jan 09, 2012 (BUSINESS WIRE) -- Detrex Corporation DTRX -2.00% today announced that it has closed, effective January 1, 2012, the previously announced transaction to sell its subsidiary, Harvel Plastics, Inc. of Easton, PA to Georg Fischer AG for approximately $50 million in cash. Detrex Corporation's share of the after-tax sale proceeds is estimated to be $30 million.

The proceeds are subject to adjustments which will be determined when certain sales conditions are fulfilled. It is anticipated that the proceeds will be used to fund or reduce current Company obligations, and will place the Company in a strong financial condition going forward.

The Company also declared a special dividend of $2.00 per share to its shareholders. The dividend is payable on January 30, 2012 to shareholders of record as of January 20, 2012.