FreightCar America, Inc. Doubles Regular Dividend
Monday November 13, 8:00 am ET
CHICAGO--(BUSINESS WIRE)--FreightCar America, Inc. (NASDAQ: RAIL - News) announced today that on November 10, 2006, its Board of Directors declared a 100% increase in its regular quarterly cash dividend from $0.03 to $0.06 per share of common stock of the company.
"The increase in our annual dividend reflects continued confidence in our business," said John E. Carroll, Jr., President and CEO. "We continue to evaluate additional opportunities to enhance shareholder value."
The dividend is payable on November 30, 2006, to shareholders of record at the close of business on November 24, 2006.
FreightCar America, Inc. manufactures railroad freight cars, with particular expertise in coal-carrying railcars. In addition to coal cars, FreightCar America designs and builds flat cars, mill gondola cars, intermodal cars, coil steel cars and motor vehicle carriers. It is headquartered in Chicago, Illinois and has manufacturing facilities in Danville, Illinois, Roanoke, Virginia and Johnstown, Pennsylvania. More information about FreightCar America is available on its website at www.freightcaramerica.com.
Contact:
FreightCar America, Inc.
Kevin Bagby, 800-458-2235
this doubling of the dividend shows RAIL's mgmt is willing to share the profits with RAIL's ownners |
