CORRECTING and REPLACING -- A-Mark Precious Metals Increases Quarterly Dividend by 40% to $0.07 per share for the Fiscal Second Quarter of 2016
SANTA MONICA, Calif., Feb. 04, 2016 (GLOBE NEWSWIRE) -- In the press release issued earlier today by A-Mark Precious Metals, Inc. (NASDAQ:AMRK), please note that the cash dividend will be paid on or about February 29, 2016 to all stockholders of record as of February 15, 2016, not on February 22, 2016 to stockholders of record as of February 8, 2016, as previously announced. The corrected release follows:
The board of directors of A-Mark Precious Metals, Inc. (NASDAQ:AMRK), a full-service precious metals trading company and an official distributor for all the major sovereign Mints, has declared a regular quarterly cash dividend of $0.07 per share for the fiscal second quarter of 2016. This represents a 40% increase from the previous quarterly rate of $0.05 per share. The cash dividend will be paid on or about February 29, 2016 to all stockholders of record as of February 15, 2016.
About A-Mark Precious Metals
A-Mark Precious Metals, Inc. is a full-service precious metals trading company and an official distributor for many government mints throughout the world. The company offers gold, silver, platinum and palladium in the form of bars, plates, powder, wafers, grain, ingots and coins. Its Industrial unit services manufacturers and fabricators of products utilizing or incorporating precious metals, while its Coin & Bar unit deals in over 200 coin and bar products in a variety of weights, shapes and sizes for distribution to dealers and other qualified purchasers. The company operates trading centers in Santa Monica, California, and Vienna, Austria, for buying and selling precious metals.
In addition to wholesale and trading activity, A-Mark offers customers a variety of services, including financing, consignment and various customized financial programs. As a U.S. Mint-authorized purchaser of gold, silver and platinum coins, A-Mark purchases bullion products directly from the U.S. Mint for sale to customers. A-Mark also has distributorships with other sovereign mints, including in Australia, Austria, Canada, China, Mexico and South Africa. Customers of A Mark include mints, manufacturers and fabricators, refiners, coin and metal dealers, banks and other financial institutions, jewelers, investors and collectors. For more information about A-Mark Precious Metals, visit www.amark.com.
Through its subsidiary Collateral Finance Corporation, a licensed California Finance Lender, the company offers loans collateralized by numismatic and semi-numismatic coins and bullion to coin and metal dealers, investors and collectors. Through its Transcontinental Depository Services subsidiary, it offers a variety of managed storage options for precious metals products to financial institutions, dealers, investors and collectors around the world. Through its A-M Global Logistic subsidiary, the company offers storage and order fulfillment services to our retail customers.
Company Contact: Thor Gjerdrum, EVP & COO A-Mark Precious Metals, Inc. 310-587-1414 email@example.com Investor Relations Contact: Matt Glover Liolios 949-574-3860 AMRK@liolios.comSource: A-Mark Precious Metals
Released February 4, 2016