Abrams Declares Quarterly Dividend
March 09 2006 - 2:56PM
PR Newswire (US)
ATLANTA, March 9 /PRNewswire-FirstCall/ -- ABRAMS INDUSTRIES, INC.
(NASDAQ:ABRI), an energy services, facilities solutions and real
estate company, reported that the Board of Directors declared a
cash dividend in the amount of $.036 per share, the Company's 107th
consecutive quarterly dividend, payable April 4, 2006, to
shareholders of record March 20, 2006. Additionally, the Company
announced that the Board of Directors has extended the
authorization to repurchase up to 50,000 shares of the Company's
Common Stock during the twelve-month period beginning March 9,
2006, and ending March 8, 2007. Any such purchases, if made, could
be in the open market at prevailing prices or in privately
negotiated transactions. Established in 1925, Abrams Industries,
operating nationwide through its wholly owned subsidiaries, offers
a variety of energy efficiency services and facility resource
management solutions, and engages in commercial real estate
investment and development. The Company provides energy engineering
and analytical consulting services, Web-enabled service and
maintenance management software solutions, and turnkey
implementation of energy saving lighting programs and related
energy services, which help its customer base of energy services
companies and multi-site owners and operators of office,
hospitality, retail, educational, institutional, industrial,
multi-family, government, and health care buildings, proactively
manage facility resources and reduce energy consumption and other
facility-related expenses, while improving occupant satisfaction.
The Company also currently owns or controls over 800,000 square
feet of shopping centers in the Midwest and Southeast and
approximately 200,000 square feet of office properties in
metropolitan Atlanta, Georgia. For more information about Abrams
Industries, please visit http://www.abramsindustries.com/ or call
770-953-0304. Certain statements contained in this news release are
forward-looking statements within the meaning of the federal
securities laws. Such forward- looking statements involve known and
unknown risks, uncertainties and other matters which may cause the
actual results, performance or achievements of Abrams Industries,
Inc. to be materially different from any past or future results,
performance, or uncertainties expressed or implied by such forward-
looking statements. Abrams Industries, Inc. does not undertake to
update these forward-looking statements. DATASOURCE: Abrams
Industries, Inc. CONTACT: Alan R. Abrams, Co-Chairman, President
& Chief Executive Officer of Abrams Industries, Inc.,
+1-770-953-0304, or Web site: http://www.abramsindustries.com/
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