Tuesday, September 10, 2013 2:09:54 PM
Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) today announced that its Board of Directors has approved the initiation of a quarterly cash dividend. An initial dividend of $0.04 per common share will be paid on September 26, 2013 to all shareholders of record as of September 5, 2013.
"We are pleased to announce the first cash dividend to our shareholders in the Company's history," stated Todd Becker, President and Chief Executive Officer. "With four consecutive years of profitable operations, we believe now is the appropriate time to start a quarterly dividend. Going forward, we intend to continue our focus on strengthening and diversifying our business, with an emphasis on organic growth and accretive acquisitions, which we believe will contribute to long-term shareholder value."
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