KMG CHEMICALS DECLARES SEMI-ANNUAL CASH DIVIDEND
HOUSTON--Aug. 22, 2007--KMG Chemicals, Inc. (NASDAQ: KMGB), a global
provider of specialty chemicals in carefully focused markets, today
announced that its Board of Directors declared a quarterly cash
dividend of $0.02 per common share. The dividend is payable on
September 14, 2007 to shareholders of record as of August 31, 2007. As
of July 31, 2007, there were approximately 10.9 million common shares
outstanding.
This quarterly dividend represents an increase in KMG's annualized
dividend rate from $.075/share to $.08/share. KMG historically paid
dividends on a semi-annual basis. The Company plans to distribute
dividends on a quarterly basis going forward.
About KMG
KMG Chemicals, Inc., through its subsidiaries, produces and distributes specialty chemicals to carefully focused markets. The Company grows by acquiring and managing stable chemical product lines and businesses with established production processes. Its wholly owned subsidiary, KMG Bernuth, Inc. is a global provider of products to the wood treating and agricultural industries.
The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct.
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Contacts:
John V. Sobchak
Chief Financial Officer
KMG Chemicals, Inc.
713-988-9252 (x.114)
jsobchak@kmgchemicals.com
Investor Relations Counsel:
The Equity Group Inc.
Loren G. Mortman
212-836-9604
LMortman@equityny.com
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