Dynamic Materials declares 4-cent dividend

BOULDER – Dynamic Materials Corp. (Nasdaq: BOOM) announced on Wednesday that its board of directors has declared a quarterly cash dividend of 4 cents per share.

The dividend is payable July 15 to shareholders of record as of June 30.

Boulder-based Dynamic Materials is a manufacturer serving the energy and industrial markets. The company makes explosion-welded clad metal plates for making equipment in various industries. It also makes advanced explosive components and systems for perforating oil and gas wells, and welds components for the oil, turbine and jet-engine industries.

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Dynamic Materials reported a profit of $1.6 million for its first fiscal quarter of the year ending March 31, with 13,649,953 diluted shares outstanding at that time.

The company’s shares were trading at $22.49 by late afternoon Wednesday, up nearly 2.5 percent from the previous day’s close.