WARREN, MI — The board of directors for automotive parts supplier Noble International has approved an increase in its annual dividend to $0.40 per share of common stock. The higher payout represents an increase of 25 percent from the current annual dividend of $0.32 per common share. The new quarterly payout of $0.10 per common share will be paid on the next quarterly dividend.
“We are pleased to share our success with Noble’s stockholders by raising the dividend,” said Robert Skandalaris, chairman of the board. “Our improved operating performance, resulting from an intensified focus on our core automotive business, has made it possible for us to raise our dividend while continuing to fund our growth plans and reduce debt.”
To learn more about Noble International, visit the company’s web site: www.nobleintl.com.
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