US Ecology Accelerates Declaration of Regular Quarterly Dividend of $0.18 per Share
BOISE, ID -- (Marketwire) -- 12/12/12 -- US Ecology, Inc. (the "Company") (NASDAQ: ECOL) today announced that its Board of Directors has accelerated the record and payment date of the Company's regular quarterly dividend. The quarterly dividend of $0.18 per share will be payable on December 27, 2012, rather than January 25, 2013, to stockholders of record at the close of business on December 20, 2012.
"We believe this modification to our regular dividend policy is in the best interests of our stockholders given the uncertainty surrounding future tax rates on dividends beginning in 2013," commented Jeff Feeler Acting President and Chief Operating Officer.
The Company currently has 18.3 million shares outstanding and estimates that approximately $3.3 million in cash will be paid out for the declared quarterly dividend. The Company has paid quarterly dividends continuously since 2005 and has a current annual dividend yield approximates 3.3%.
About US Ecology, Inc.
US Ecology, Inc., through its subsidiaries, provides radioactive, hazardous, PCB and non-hazardous industrial waste management and recycling services to commercial and government entities, such as refineries and chemical production facilities, manufacturers, electric utilities, steel mills, medical and academic institutions and waste brokers. Headquartered in Boise, Idaho, the Company is one of the oldest radioactive and hazardous waste services companies in North America.