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Wednesday, July 8, 2009

Ampco-Pittsburgh (AP) sets regular dividend of 18 cents

Ampco-Pittsburgh Corp. (AP-Quote) on Monday declared a regular quarterly dividend of 18 cents.

The Pittsburgh-based industrial equipment maker said the dividend will be payable July 31 to shareholders of record July 15.

Ampco-Pittsburgh Corporation and its subsidiaries manufacture and sell custom-engineered equipment in the United States and internationally. It operates in two segments, Forged and Cast Rolls, and Air and Liquid Processing. The Forged and Cast Rolls segment produces forged hardened steel rolls used in cold rolling by producers of steel, aluminum, and other metals; and cast rolls for hot and cold strip mills, medium/heavy section mills, and plate mills. It supplies cast rolls to the metal working industry.

The Air and Liquid Processing segment manufactures finned tube and plate finned heat exchange coils for the commercial and industrial construction, as well as for process and utility industries; custom air handling systems used in commercial, institutional, and industrial buildings; and a line of centrifugal pumps for the refrigeration, power generation, and marine defense industries. The company was founded in 1929 and is headquartered in Pittsburgh, Pennsylvania.

Disclosure I am long AP shares in my Industrial Goods Folio.

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