ELMIRA — Hardinge Inc. (NASDAQ: HDNG), a global manufacturer of metal-cutting tools, announced Tuesday that its board of directors has authorized a regular quarterly cash dividend of 2 cents a share.
The dividend is payable June 10 to shareholders of record at the close of business on June 2.
Based on Tuesday’s closing price of $12.99 for Hardinge shares, the company’s annual dividend yield equals 0.62 percent. The 2 cents a share is the same dividend amount the company has paid in each of the previous 11 quarters.
Elmira–based Hardinge, which generates about 75 percent of its sales outside the U.S., is set to report its fourth-quarter earnings on Thursday, May 8, before the open of trading. The company employs about 1,500 people globally.
Contact Rombel at arombel@cnybj.com
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