Company Press Release
Research, Inc. Announces Stock and Cash Dividends
MINNEAPOLIS, Nov. 6 /PRNewswire/ -- On November 5, 1997, The Board of Directors of Research, Inc.
(Nasdaq:RESR), declared a 5 for 4 stock split in the form of a 25 percent stock dividend. The number of shares outstanding
will increase to approximately, 1,200,000. The record date for the 25 percent stock dividend will be December 31, 1997.
New certificates will be issued in January 1998.
The Company's Board of Directors also declared a regular quarterly dividend of $0.07 per share, payable on January 2, 1998,
to shareholders of record as of December 1, 1997.
Research, Inc. designs and manufactures complete product solutions based on its core competency: the precise control of heat.
The Company does business worldwide through its four divisions: Drying, Research International, Thermal Solutions, and
Control Systems. The Company's products target high-growth markets including printing (ink drying) and semiconductor
assembly and packaging. Research, Inc. is headquartered in Eden Prairie, MN and has subsidiary operations in Humberside,
England. The Company's common stock trades on the Nasdaq National Market tier of the Nasdaq Stock Market under the
symbol: RESR. Additional news and information can be found on the Company's website at researchinc.com .
SOURCE Research, Inc. |
