NN, Inc. Boosts Cash Dividend

(RTTNews) - NN, Inc. (NNBR) said Tuesday that its Board of Directors has declared a quarterly cash dividend of $0.07 per common share, payable on March 14 to shareholders of record on February 28.

Rich Holder, President and Chief Executive Officer of NN, Inc., said, "We are pleased to announce the increase in our dividend from $0.06 per common share to $0.07 per common share. This action, in combination with our recent announcement of the acquisition of the assets of V-S Industries, illustrates key elements of our new strategic plan. The proper execution of this plan is enabling us to invest in and execute our strategic priorities, while also returning value to our shareholders."