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Retractable Technologies, Inc. (RVP) Declares Dividends to Series I and II Class B Shareholders


9/12/2011 8:44:58 AM

LITTLE ELM, Texas--(BUSINESS WIRE)--Retractable Technologies, Inc. (NYSE AMEX: RVP) announced today that its Board of Directors has declared dividends to holders of Series I Class B and Series II Class B Convertible Preferred Stock in the amounts of $18,000 and $54,925, respectively. The dividend amount is $0.125 per share for Series I Class B shareholders and $0.25 per share for Series II Class B shareholders. Dividends have accrued at 10% per annum and cover amounts in arrears from June 30, 2011 through date of conversion or September 30, 2011, whichever is applicable. The dividends will be paid on October 17, 2011 to shareholders of record as of the close of business on September 30, 2011.

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