Ann Arbor, MI – July 29, 2010
Kaydon Corporation (NYSE:KDN) today announced that its Board of Directors
declared a 5.6 percent increase in its regular quarterly dividend, to $.19 per share from
$.18 per share. The dividend is payable on October 4, 2010 to shareholders of record
as of the close of business on September 13, 2010. The indicated annual dividend rate
will now be $.76 per share. This is the fourth consecutive year in which the Company
has increased its quarterly dividend.
James O’Leary, Chairman and Chief Executive Officer commented, “The Board
of Directors of Kaydon shares management’s confidence in the fundamental strength of
the Company’s businesses. Our businesses’ demonstrated cash generating ability,
together with our strong balance sheet, are reflected by this enhanced return to our
shareholders.”
Kaydon Corporation is a leading designer and manufacturer of custom
engineered, performance-critical products, supplying a broad and diverse group of
alternative energy, industrial, aerospace, medical and electronic equipment, and
aftermarket customers.
Contacts: James O’Leary
Chairman and Chief Executive Officer
(734) 747-7025 ext. 2025
Peter C. DeChants
Senior Vice President, Chief Financial Officer
(734) 680-2009

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