HOUSTON, Feb. 20, 2002 (PRIMEZONE) -- KMG Chemicals, Inc. (Nasdaq:KMGB), a global provider of specialty chemicals in carefully focused markets, today announced that its Board of Directors has declared a semi-annual $0.0225 per common share cash dividend. It is payable on March 29, 2002 to shareholders of record as of March 15, 2002. This is the first semi-annual cash dividend for fiscal 2002. The company's annual dividend rate is now $0.045 per common share, or an increase of 12.5 percent over $0.04 in the prior fiscal year. As of January 31, 2002, there were approximately 7.5 million common shares outstanding.
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 wood preservation chemicals to the lumber treatment industry and herbicides to the agricultural markets. For more information, visit the company's website at www.kmgchemicals.com.
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, including statements as to the future performance of the company. 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. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development acceptance, the impact of competitive services and pricing and general economic risks and uncertainties.