Jinpan International Announces Date of Second 2009 Dividend Payment
June 17 2009 - 3:01PM
PR Newswire (US)
ENGLEWOOD CLIFFS, N.J., June 17 /PRNewswire-FirstCall/ -- Jinpan
International Ltd. (NASDAQ:JST), a leading designer, manufacturer,
and distributor of cast resin transformers for voltage distribution
equipment, today announced the date in which the Company will pay
the second portion of its annual dividend payment. In February
2009, the Company announced an annual dividend of $0.24 per common
share, half of which was payable to shareholders in February 2009.
The second half, or $0.12, of this annual dividend payment will be
payable on July 10, 2009 to shareholders of record as of June 30,
2009. Mr. Zhuyuan Li, Chief Executive Officer of Jinpan
International commented, "We are pleased to be paying the second
half of our annual dividend to investors in this difficult economic
environment. As a company we will continue to focus on ways in
which we can maximize value for our shareholders." About Jinpan
International Ltd Jinpan International Ltd. (NASDAQ:JST) designs,
manufactures, and markets cast resin transformers for power
distribution and wind energy products. Jinpan's cast resin
transformers allow high voltage transmissions of electricity to be
distributed to various locations in lower, more usable voltages.
The Company has obtained ISO9001 and ISO1401 certifications of its
cast resin transformers. Its principal executive offices are
located in Hainan, China and its U.S. headquarters is based in
Englewood Cliffs, New Jersey. STATEMENTS IN THIS PRESS RELEASE
WHICH ARE NOT HISTORICAL DATA ARE FORWARD-LOOKING STATEMENTS WHICH
INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES OR OTHER FACTORS NOT
UNDER THE COMPANY'S CONTROL, WHICH MAY CAUSE ACTUAL RESULTS,
PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY
DIFFERENT FROM THE RESULTS, PERFORMANCE OR OTHER EXPECTATIONS
IMPLIED BY THESE FORWARD-LOOKING STATEMENTS. THESE FACTORS INCLUDE,
BUT ARE NOT LIMITED TO, THOSE DETAILED IN THE COMPANY'S PERIODIC
FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. DATASOURCE:
Jinpan International Ltd. CONTACT: CONTACT: Mark Du, Chief
Financial Officer, Jinpan International Ltd., +1-201-227-0680; or
Brian M. Prenoveau, CFA or Bill Zima, ICR, Inc., +1-203-682-8200
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