Business Services Industry
Questron Technology Declares Preferred Stock Dividend
Business Wire, Feb 11, 1998
BOCA RATON, Fla.--(BUSINESS WIRE)--Feb. 11, 1998--Questron Technology Inc. (NASDAQ:QUST, QUSTP) today announced that the Company's Board of Directors yesterday approved the annual dividend on the Company's preferred stock.
The dividend is payable March 4, 1998 to preferred shareholders of record as of Feb. 20, 1998 and will be paid in shares of Questron common stock equivalent in value to $0.115 per share of preferred stock owned, based on the closing price for the common stock as of Feb. 10, 1998.
Questron Technology Inc., headquartered in Boca Raton, is a specialized distributor of fasteners, electronic hardware, and related products sold to electronic equipment manufacturers and other businesses through its subsidiaries, Quest Electronic Hardware Inc., Webb Distribution Inc. and California Fasteners Inc., a master distributor of fasteners through its subsidiary Integrated Material Systems Inc., and a distributor of lithium batteries and customized battery packs and assemblies through its subsidiary, Power Components Inc. Questron's securities are traded on NASDAQ under the symbols QUST (common), QUSTP (preferred), and QUSTW (warrants).
This release is available on the KCSA Worldwide website at www.kcsa.com.
CONTACT: Questron Technology, Inc.
Dominic Polimeni, 561/241-5251
or
KCSA Worldwide
Adam I. Friedman/Joseph A. Mansi/Sarah Shepard
212/682-6300, ext. 215/205/236
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