Core-Mark Holding Co. Inc. has announced that its Board of Directors has declared a quarterly cash dividend of $0.22 per common share, an increase of $0.03 per share.
The dividend is payable on Dec. 9, 2013 to shareholders of record as of the close of business on Nov. 18, 2013.
“The second annual increase in our dividend reflects the company’s strong financial position and management’s assessment of the company’s future. Our intent is to continue to increase our dividend over time as long as we can generate sufficient cash to increase value to our shareholders without sacrificing foreseeable acquisition or investment opportunities to grow the business in the future,” said Thomas Perkins, president and CEO.
Core-Mark is one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America.