The quarterly dividend of $0.12 per share on the company's common stock, will be payable on 23 January, 2004 to stockholders on record on 2 January, 2004.
"We are pleased to announce this increase in our dividend, which is the result of earnings growth, continued strong improvements in cash generation, and confidence in our future," said Sam Scott, chairman, president and chief executive officer of the company.
Cash and cash equivalents for the dextrose producer were standing at $61 million as of 30 September this year, up from $36 million at the end of 2002.
