Home / Today's Top Stories / SPX declares 25-cent dividend

SPX declares 25-cent dividend

SPX Corp., which owns the Rochester-based manufacturers Lightnin Corp. and Kayex Corp., Wednesday declared a quarterly dividend of 25 cents a share.
The dividend is payable on Jan. 1 to shareholders of record on Dec. 10, officials said. The company’s stock (NYSE: BOL) was trading at $43.45, up more than 1 percent, at 1 p.m.
SPX on Nov. 15 said it had signed an agreement to sell its Edwards Systems Technology to General Electric for nearly $1.4 billion. SPX intends to use the net proceeds from the transaction to pay down debt and buy back equity.

(c) 2004 Rochester Business Journal. Obtain permission to
reprint this article.


Check Also

The Wegmans plaza on Fairport Road in East Rochester is one of four local plazas or malls that were named in lawsuits filed by a New York City-area man. (Diana Louise Carter)

Queens man suing Rochester-area plazas for access (access required)

Four local malls and plazas were named this month in lawsuits seeking greater access for people with disabilities by a ...


Paychex, ESL and ConServe lauded for training programs again (access required)

Three local companies have landed once again on Training magazine’s 2020 list for Training Top 125 Organizations. The companies are: ...