Lowrance net sales up more than 25 percent
TULSA, Okla. – Marine electronics manufacturer Lowrance Electronics, Inc. will offer a dividend of $0.25 per common share payable on Aug. 16 to shareholders of record as of Aug. 12, according to a company press release today.
The company said its sales for the fourth quarter ended July 31 increased by over 15 percent compared to sales of approximately $23.2 million in the fourth quarter of 2003. Net sales increased more than 25 percent to over $110 million for the fiscal year ended July 31.
“The company’s continued sales growth and increased profitability led us to the decision to pay another dividend this year,” said Darrell Lowrance, president and CEO. “Future dividend payments will depend upon financial results and the favorable tax treatment of dividend payments.”
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