The board of directors of HVAC equipment maker York International Corporation declared a quarterly dividend of U.S. $0.20 per share on the common stock of the company. This represents an increase of 33 percent from the regular quarterly dividend of $0.15 per share to $0.20 per share, the company reported.
York said that its record of strong cash flow created the opportunity to increase the dividend, reflecting continued confidence in its future performance.
The dividend is payable March 31, to stockholders of record at the close of business on March 17, 2004.
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