Schweitzer-Mauduit announces quarterly dividend and director elections
Apr 27, 2007. Schweitzer-Mauduit International, Inc. announced a quarterly dividend of $0.15 per share.
Apr 27, 2007. /Lesprom Network/. Schweitzer-Mauduit International, Inc. held its annual meeting of stockholders on April 26, 2007 and announced a quarterly dividend of $0.15 per share. The board of directors declared the dividend payable on June 11, 2007 to stockholders of record on May 14, 2007.
Stockholders reelected two сlass III directors to three-year terms expiring in 2010: Wayne H. Deitrich, chief executive officer and chairman of the board of Schweitzer-Mauduit International, Inc. (SWM) since August 1995; and Larry B. Stillman, vice president, Northwest Group, XPEDX, a distributor of printing paper, packaging supplies and equipment presently and since 1988. Richard D. Jackson was re-elected by the board of directors to serve as the lead non-management director for a one-year term expiring in April 2008.
Schweitzer-Mauduit International, Inc. is a diversified producer of premium specialty papers and the world's largest supplier of fine papers to the tobacco industry. It also manufactures specialty papers for use in alkaline batteries, vacuum cleaner bags, overlay products, saturating base papers, business forms and printing and packaging applications. Schweitzer- Mauduit and its subsidiaries conduct business in over 90 countries and employ 3 500 people worldwide, with operations in the United States, France, Brazil, the Philippines, Indonesia and Canada.