Business
IEH Corporation Announces Special One-Time Cash Dividend Of $0.25 Per Common Share
IEH Corporation Announces Special One-Time Cash Dividend Of $0.25 Per Common Share.
About this update from Ieh Corp.
[{"type":"text","content":"\n\n\n\nIEH Corporation Announces Special One-Time Cash Dividend Of $0.25 Per Common Share\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nIEH Corporation Announces Special One-Time Cash Dividend Of $0.25 Per Common Share\nPR Newswire\nBROOKLYN, N.Y., May 22, 2017\n\n\n\nBROOKLYN, N.Y., May 22, 2017 /PRNewswire/ -- IEH Corporation (IEHC-OTCQB) announced today that its Board of Directors has declared a $0.25 per common share special one-time cash dividend payable on June 19, 2017 to shareholders of record on June 6, 2017.\n\nDavid Offerman, President and Chief Executive Officer of IEH Corporation stated: \"It is with great pleasure that we announce this one-time special cash dividend to our shareholders. IEH has enjoyed solid results over the past several years and the dedication and hard work of our management, employees and distributor network as well as investments made in our product design and facilities are yielding the results we envisioned. Upon reviewing the Company's balance sheet and cash flow, management and the Board have determined that it is appropriate to return some cash to its shareholders. IEH continues to have more than sufficient liquidity to meet its operating and capital expenses and its business goals.\"\n\nAbout IEH Corporation\n\nIEH Corporation was organized under the laws of the State of New York on March 22, 1943 under the name Industrial Heat Treating Company, Inc. On March 15, 1989, the Company changed its name to IEH Corporation. The Company is engaged in the design, development, manufacture and distribution of electronic connectors and interconnection devices. It primarily designs, develops and manufactures printed circuit board connectors and custom interconnects for high performance applications. All of its connectors utilize the HYPERBOLOID contact design, a rugged, high-reliability contact system ideally suited for high-stress environments. IEH is the only independent producer of HYPERBOLOID connectors in the United States.\n\nThe Company's customers consist of OEM's (Original Equipment Manufacturers) and distributors wh...