The Board of Directors of ParkOhio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on the company’s common stock. This dividend will be paid on August 16, 2024, to shareholders of record as of the close of business on August 2, 2024.
ParkOhio, headquartered in Cleveland, Ohio, is a diversified international company. It provides world-class customers with supply chain management outsourcing, capital equipment for production lines, and manufactured components for product assembly. The company operates around 130 manufacturing sites and supply chain logistics facilities worldwide, divided into three reportable segments: Supply Technologies, Assembly Components, and Engineered Products.
This announcement includes forward-looking statements regarding the company’s future performance. These statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. Risks include, but are not limited to: the ability to realize contingent consideration from the sale of the Aluminum Products business, supply chain and logistics issues, substantial indebtedness, global economic uncertainty, competitive factors, product demand, labor disturbances, raw material and energy costs, customer and supplier relationships, financial conditions of customers, integration of acquisitions, stock repurchases, economic conditions, and various other factors described in “Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.
Forward-looking statements are made as of the date they are issued, and the company does not undertake to update any forward-looking statements except as required by law. The inclusion of forward-looking statements should not be interpreted as a guarantee that the company’s plans and objectives will be realized.
