Flamemaster Corp. to Pay 20% Stock Dividend
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Sun Valley-based Flamemaster Corp., a defense-industry chemical maker, announced it will pay a special 20% stock dividend next month to shareholders of record as of March 26.
Flamemaster CEO Joseph Mazin said the company’s profitability and new product development “deserve recognition” and that the dividend would enhance the stock’s visibility.
Flamemaster, which manufactures marine sealants and protective coatings for high-performance aircraft, said no fractional shares would be issued. Fractional shares would be paid in cash at a rate of $6.25 per share.
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