Quarterly Dividend Increased to 6¢ per Share
Ajax: January 19, 2012
Following a review of its dividend policy, the Board of Directors of Automodular Corporation ("Automodular" or "the Company") has increased the Company's regular quarterly dividend to $0.06 per quarter from the previous rate of $0.05 per quarter, effective immediately.
The Board of Directors has declared a $0.06 regular quarterly dividend payable February 23, 2012 to shareholders of record February 9, 2012.
Automodular Corporation is a supplier of sub-assembly, sequencing and transportation services to the automotive industry - Ford's Oakville Assembly Plant - and the renewable energy industry - Vestas Nacelles A/S. The Company has three operating facilities and employs approximately 525 people.
For further information, contact:
Christopher S. Nutt
(905) 619 4202