Great Lakes Dredge & Dock Corporation Declares Quarterly Cash Dividend
OAK BROOK, Ill.--(BUSINESS WIRE)--
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) - announced today
that its Board of Directors ("the Board") has declared a quarterly cash
dividend on its common stock. The Board approved a $0.021 per share cash
dividend, to be paid on December 16, 2011 to the holders of record of
common stock of the Company at the close of business on December 9, 2011.
Great Lakes Dredge & Dock Corporation is the largest provider of
dredging services in the United States and the only U.S. dredging
company with significant international operations. The Company is also
one of the largest U.S. providers of commercial and industrial
demolition services primarily in the Northeast. Additionally, the
Company owns a 50% interest in a marine sand mining operation in New
Jersey which supplies sand and aggregate used for road and building
construction. Great Lakes employs over 150 degreed engineers, most
specializing in civil and mechanical engineering, which contributes to
its 121-year history of never failing to complete a marine project.
Great Lakes has a disciplined training program for engineers which
ensures experienced-based performance as they advance through Company
operations. Great Lakes also owns the largest and most diverse fleet in
the U.S. industry, comprised of over 200 specialized vessels.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking" statements as defined in Section 27A of the Securities
Act of 1933 (the "Securities Act"), Section 21E of the Securities
Exchange Act of 1934 (the "Exchange Act"), the Private Securities
Litigation Reform Act of 1995 (the "PSLRA") or in releases made by the
Securities and Exchange Commission ("SEC"), all as may be amended from
time to time. Such forward-looking statements involve known and unknown
risks, uncertainties and other important factors that could cause the
actual results, performance or achievements of Great Lakes and its
subsidiaries, or industry results, to differ materially from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Forward-looking statements can be identified
by, among other things, the use of forward-looking language, such as the
words "plan," "believe," "expect," "anticipate," "intend," "estimate,"
"project," "may," "would," "could," "should," "seeks," or "scheduled
to," or other similar words or comparable language, or by discussion of
strategy or intentions. These cautionary statements are being made
pursuant to the Securities Act, the Exchange Act and the PSLRA with the
intention of obtaining the benefits of the "safe harbor" provisions of
such laws. Great Lakes cautions that actual results may differ
materially from those contained in any forward-looking statements
herein, including, but not limited to, as a result of the factors, risks
and uncertainties described in other securities filings of Great Lakes
with the SEC, such as its most recent Annual Report on Form 10-K. You
should not place undue reliance on these forward looking statements. The
forward-looking statements contained in this press release are made only
as of the date hereof and Great Lakes does not have or undertake any
obligation to update or revise any forward-looking statements whether as
a result of new information, subsequent events or otherwise, unless
otherwise required by law. All forward-looking statements are qualified
in their entirety by this cautionary statement.
Great Lakes Dredge & Dock Corporation
Katie Hayes,
Investor Relations @ 630-574-3772
Source: Great Lakes Dredge & Dock Corporation
News Provided by Acquire Media
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