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KMG Chemicals Declares Quarterly Cash Dividend
HOUSTON, TX – November 28, 2007– KMG Chemicals, Inc. (NASDAQ: KMGB), a global provider of specialty chemicals in niche markets, today announced that its Board of Directors declared a quarterly cash dividend of $0.02 per common share. The dividend is payable on December 18, 2007 to shareholders of record as of December 4, 2007. As of November 27, 2007, there were approximately 10.9 million common shares outstanding.
About KMG
KMG Chemicals, Inc., through its subsidiaries, produces
and
distributes specialty chemicals to niche markets. The
Company grows by acquiring and optimizing stable
chemical product lines and businesses with established
production processes. Its current operations are focused
on the wood treatment, electronic, and agricultural
chemical markets. For more information, visit the
Company's web site at
www.kmgchemicals.com.
The information in this news release includes certain
forward-looking statements that are based upon
assumptions that in the future may prove not to have
been accurate and are subject to significant risks and
uncertainties, including statements as to the future
performance of the company. Although the company
believes that the expectations reflected in its
forward-looking statements are reasonable, it can give
no assurance that such expectations or any of its
forward-looking statements will prove to be correct.
Factors that could cause results to differ include, but
are not limited to, successful performance of internal
plans, product development acceptance, the impact of
competitive services and pricing and general economic
risks and uncertainties.
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Contacts:
John V. Sobchak
Chief Financial Officer
KMG Chemicals, Inc.
713-600-3814
jsobchak@kmgchemicals.com
Investor Relations Counsel:
The Equity Group Inc.
Melissa Dixon
212-836-9613
mdixon@equityny.com
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