Dear Valued Shareholders, we are excited to announce that our board of directors has approved a significant dividend for this fiscal year, reflecting the strong performance and growth of our company. This decision underscores our commitment to delivering exceptional value to you, our trusted investors. We believe that sharing our success through dividends not only rewards your investment but also strengthens our partnership. To learn more about the dividend details and what they mean for you, we invite you to read further in the following sections.
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Introduction and company overview
Benson Manufacturing Corporation, established in 1995, specializes in high-quality automotive parts, operating from its headquarters in Detroit, Michigan. With over 1,500 employees, the company has seen a consistent revenue growth of 10% annually over the past five years, driven by innovative manufacturing techniques and a robust supply chain. Benson Manufacturing is committed to shareholder value, ensuring a strong return on investments while expanding its market share in the automotive sector, projected to reach $1 trillion by 2026. As we approach the fiscal year-end, we are excited to announce a significant dividend distribution, reflecting our solid financial performance and dedication to rewarding our shareholders.
Dividend declaration details
In October 2023, XYZ Corporation's Board of Directors announced a dividend of $1.50 per share to shareholders. The dividend, set for delivery on December 1, 2023, reflects the company's strong financial performance and commitment to returning value to its shareholders. This distribution will benefit the 2 million outstanding shares, translating to a total payout of approximately $3 million. Eligible shareholders must possess shares by the cut-off date of November 15, 2023. This announcement highlights XYZ Corporation's sustainable growth trajectory and dedication to enhancing shareholder wealth.
Record date and payment date
Shareholders are set to receive dividends in the upcoming payment cycle, with the record date established as December 1, 2023, ensuring eligibility for those holding shares in the company as of this date. The scheduled payment date for the dividends, reflecting the company's commitment to providing value to its investors, is December 15, 2023. Timely distribution on this date is expected to enhance shareholder satisfaction and maintain investor confidence in the company's financial health and performance.
Dividend payment method
Shareholders of XYZ Corporation will benefit from a significant dividend payment, an important financial event affirming the company's robust fiscal health. The dividend, amounting to $1.50 per share, reflects the company's continued growth and stability throughout the second quarter of 2023. Shareholders will receive their payments via direct deposit on September 15, 2023, ensuring timely access to funds. For those preferring paper checks, requests must be submitted by August 30, 2023, to ensure inclusion in the upcoming distribution. This solid commitment to rewarding shareholders highlights XYZ Corporation's dedication to delivering value and fostering long-term investment relationships.
Contact information for inquiries
In the recent shareholder dividend announcement, the Board of Directors communicated that the upcoming dividend payout will be $0.50 per share for the fiscal year ending December 31, 2023. This represents a 10% increase compared to the previous year's dividend of $0.45 per share. Shareholders can expect the dividend to be distributed on March 15, 2024, to those on record as of February 28, 2024. For further inquiries, investors can reach out via email at investors@companyname.com or call the investor relations hotline at (123) 456-7890, ensuring all questions regarding the dividend distribution process and eligibility are addressed promptly.
Letter Template For Shareholder Dividend Announcement Samples
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