VAN NUYS, Calif. -- (Business Wire)
Superior Industries International, Inc. (NYSE:SUP) today announced that
its board of directors approved an accelerated payment of the 2013
regular cash dividends into 2012.
The company will distribute a cash dividend on the common stock of the
corporation in the amount of $0.64 per share, payable December 28, 2012
to shareholders of record as of December 21, 2012. This accelerated
dividend is intended by the board to be in lieu of regular quarterly
dividends that the company otherwise would have paid in calendar year
2013. The annual dividend rate per share in 2013 is unchanged from the
rate in 2012.
“Our board of directors decided to accelerate the payment of dividends
due to uncertainty regarding dividend tax rates in 2013,” said Steven J.
Borick, Chairman, Chief Executive Officer and President. “We are pleased
to be in the position to mitigate a potential increase in tax burden for
many of our shareholders, and at the same time maintain our strong
balance sheet and liquidity.”
About Superior Industries
Superior is the largest manufacturer of aluminum wheels for passenger
cars and light-duty vehicles in North America. From its five plants in
both the U.S. and Mexico, the company supplies aluminum wheels to the
original equipment market. Major customers include Ford, General Motors,
Chrysler, BMW, Mitsubishi, Nissan, Subaru, Toyota and Volkswagen. For
more information, visit www.supind.com.
Investor Relations Line:
Robert Jaffe / Roger Pondel
Source: Superior Industries International, Inc.
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