A global machine clothing and roll covers manufacturer and supplier Xerium Technologies Inc announced its Board of Directors had declared a cash dividend of $0.105 per share of common stock payable on September 15, 2005 to shareholders of record as of the close of business on September 2, 2005. This cash dividend represents a pro-rated quarterly dividend for the period from the company's initial public offering of common stock on May 19, 2005 through June 30, 2005, based upon the annual dividend rate of $0.90 per share of common stock described in the company's May 16, 2005 prospectus in connection with its initial public offering.
Xerium Technologies Inc is maker & supplier of two types of consumable products used primarily in the production of paper: clothing and roll covers. The Company, which operates around the world under a variety of brand names, utilizes a broad portfolio of patented and proprietary technologies to provide customers with tailored solutions and products integral to production, all designed to optimize performance and reduce operational costs. With 35 manufacturing facilities in 15 countries around the world, Xerium Technologies has approximately 3,900 employees.
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