Contact Information: Contact: Alison Ziegler Cameron Associates (212) 554-5469 alison@cameronassoc.com www.americanecology.com
American Ecology Declares Increased Quarter Dividend of $0.18 per Share
| Source: American Ecology Corporation
BOISE, ID--(Marketwire - July 1, 2008) - American Ecology Corporation (NASDAQ : ECOL ) today
declared that stockholders of record on July 11, 2008 will receive a
quarterly cash dividend of $0.18 per common share, payable on July 18,
2008. The Company approved the increased quarterly dividend from $0.15 to
$0.18 per common share, a 20% increase, in May 2008.
At March 31, 2008, the Company reported 18.3 million shares outstanding and
$10.4 million in cash and short-term investments on hand. The Company
estimates that approximately $3.3 million in cash will be paid out for the
declared quarterly dividend.
About American Ecology Corporation
American Ecology Corporation, through its subsidiaries, provides
radioactive, PCB, hazardous, and non-hazardous waste services to commercial
and government customers throughout the United States, such as steel mills,
medical and academic institutions, petro-chemical facilities and the
nuclear power industry. Headquartered in Boise, Idaho, the Company is the
oldest radioactive and hazardous waste services company in the United
States.