Butler Manufacturing Ups Dividend

KANSAS CITY, MO-Building system manufacturer raises dividend by 6.3%.

By Judie Burkhalter | Updated on September 21, 2000

KANSAS CITY, MO-The board of directors at Butler Manufacturing Co. has voted a 6.3% increase in its cash dividend to a new annual rate of 68 cents a share.

The increased quarterly dividend of 17 cents a share compares with 16 cents a share previously paid. It is payable October 13 to shareholders of record September 29.

“We hope to increase the divident over the long term at a rate that exceeds inflation, which should provide an improving cash return to Butler shareholders,” says John Holland, president and chief executive officer.

Butler Manufacturing makes engineered building systems and is a supplier of specialty components and construction services for the non-residential construction market.

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