The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has announced a quarterly cash dividend of $0.125 per share on the outstanding common stock. This dividend is scheduled to be paid on May 17, 2024, to shareholders of record as of the close of business on May 3, 2024.
ParkOhio is a globally diversified company that offers supply chain management outsourcing services, capital equipment for production lines, and manufactured components for product assembly. Headquartered in Cleveland, Ohio, ParkOhio operates approximately 130 manufacturing sites and supply chain logistics facilities worldwide, organized into three reportable segments: Supply Technologies, Assembly Components, and Engineered Products.
This announcement contains forward-looking statements regarding the future performance of the Company, which are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from expectations. Factors that could affect actual results include, but are not limited to, the following: the impact of supply chain and logistic issues on business operations and financial performance; the Company’s substantial indebtedness; general business conditions and competitive factors; changes in relationships with customers and suppliers; fluctuations in raw material availability and pricing; changes in economic conditions and government policies; potential disruptions due to geopolitical tensions or public health issues; compliance with regulatory requirements; and the outcome of pending litigation and disputes.
The Company cautions that any forward-looking statements made in this release are based on current information and expectations, and it undertakes no obligation to update them, except as required by law. Investors are advised to consider the risk factors detailed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.