ATLANTA--(BUSINESS WIRE)--Zep Inc. (NYSE: ZEP), a leading consumable chemical packaged goods company that manufactures a wide variety of high-performance maintenance and cleaning chemicals, is pleased to announce that at its meeting today, the Board of Directors declared a 20% increase in the quarterly cash dividend from $0.05 per common share to $0.06 cents per common share. The dividend is payable February 2, 2015 to stockholders of record on January 16, 2015.
“The Board’s actions reflect their continued confidence in the company’s long-term strategy and our ongoing commitment to creating shareholder value,” said John K. Morgan, Chairman, President and Chief Executive Officer of Zep Inc.
About Zep Inc.
Zep Inc., with fiscal year 2014 net sales of approximately $700 million, is a leading consumable chemical packaged goods company selling a wide variety of high-performance chemicals that help professionals and prosumers clean, maintain and protect their assets. We are focused on the attractive industry dynamics of the transportation market and the industrial maintenance and repair operation ("MRO") market, which together now comprise approximately 63% of our revenue with the balance derived from sales into the facilities maintenance vertical. We market these products and services under well recognized and established brand names, such as Zep®, Zep Commercial®, Zep Professional®, Zep Automotive®, Enforcer®, Misty®, TimeMist®, TimeWick™, Country Vet®, Original Bike Spirits®, Blue Coral®, Black Magic®, Rain-X®, Niagara National™, FC Forward Chemicals®, Rexodan®, Mykal™, and a number of private label brands. Founded in 1937, some of Zep Inc.'s brands have been in existence since 1896. Zep Inc. is headquartered in Atlanta, Georgia. Visit our website at www.zepinc.com.