MILWAUKEE, Dec. 15, 2016 (GLOBE NEWSWIRE) -- Jason Industries, Inc. (NASDAQ:JASN) (NASDAQ:JASNW) (the "Company" or "Jason") today announced that its Board of Directors has declared a quarterly dividend payment on the Company's 8.0% Series A Convertible Perpetual Preferred Stock ("Series A Preferred Stock").
The dividend on the Series A Preferred Stock will be payable on January 1, 2017, to holders of record at the close of business on November 15, 2016. The quarterly payment will be by delivery of additional shares of Series A Preferred Stock.
About Jason Industries, Inc.
The Company is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including DRONCO (Wunsiedel, Germany), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Ind. and Burgwald, Germany) and Sealeze (Richmond, Va.). Headquartered in Milwaukee, Wis., Jason employs more than 4,400 people in 14 countries.