LAKEWOOD, Colo., Nov. 14 /PRNewswire-FirstCall/ -- Mesa Laboratories, Inc. today announced that its Board of Directors has declared a regular quarterly dividend of $.08 per share of common stock. In addition the Board of Directors has declared a special one time dividend of $.10 per share of common stock. Both dividends will be payable December 15, 2006, to shareholders of record on December 1, 2006.
Since going public in 1984 Mesa Labs has maintained strong cash positions and has continued to build its balance sheet through steady earnings growth. The increase in the regular quarterly dividend rate from $.07 to $.08 per common share represents a 14 percent increase. Also, for the fourth year in a row, the Board of Directors has chosen to issue a special year-end dividend.
Mesa Laboratories develops, acquires, manufactures and markets electronic instruments for industrial, pharmaceutical and medical applications.
This news release contains forward-looking statements which involve risks and uncertainties. The Company’s actual results could differ materially from those in any such forward-looking statements. Additional information concerning important factors that could cause results to differ materially from those in any such forward-looking statement is contained in the Company’s Annual Report on Form-10KSB for the year ended March 31, 2006 as filed with the Securities and Exchange Commission, and from time to time in the Company’s other reports on file with the Commission.
Mesa Laboratories, Inc.
CONTACT: Luke R. Schmieder, CEO - Chairman of the Board of Directors, orJohn J. Sullivan, President - COO, or Steven W. Peterson; VP Finance - CFO,all of Mesa Laboratories, Inc., +1-303-987-8000
Web site: http://www.mesalabs.com/
