BLOOMFIELD, Conn., Aug 09, 2011 (BUSINESS WIRE) -- The Board of Directors of Kaman Corporation (nasdaq-gs:KAMN)has approved a 14% increase in the company's regular quarterly dividend to 16 cents per share. The dividend is payable October 24, 2011 to shareholders of record on October 10, 2011.
"Today's Board action reflects our continuing commitment to increase shareholder returns and we are proud to say that this is our 41st consecutive year of dividend payments. This also demonstrates our company's strong financial position, the Board's continued confidence in our future, and our cash generation prospects," stated William Denninger, Senior Vice President and Chief Financial Officer.
Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the aerospace and industrial distribution markets. The company produces and/or markets widely used proprietary aircraft bearings and components; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; aerostructure engineering design analysis and FAA certification services; safe and arm solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; and support for the company's SH-2G Super Seasprite maritime helicopters and K-MAX medium-to-heavy lift helicopters. The company is a leading distributor of industrial parts, and operates more than 200 customer service centers and five distribution centers across North America. Kaman offers more than four million items including bearings, mechanical power transmission, electrical, material handling, motion control, fluid power, automation and MRO supplies to customers in virtually every industry. Additionally, Kaman provides engineering, design and support for automation, electrical, linear, hydraulic and pneumatic systems as well as belting and rubber fabrication, customized mechanical services, hose assemblies, repair, fluid analysis and motor management. More information is available at www.kaman.com .
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