wsj_0762.xml
WSJ891027-0133
WSJ891027-0133
=
891027
=
891027
891027-0133
.
891027-0133
.
Dividend
News
:
@
Cambrex
Corp.
Dividend
News
:
@
Cambrex
Corp.
10/27/89
10/27/89
10/27/89
WALL
STREET
JOURNAL
(
J
)
WALL
STREET
JOURNAL
(
J
)
CBAM
CBAM
DIVIDENDS
(
DIV
)
DIVIDENDS
(
DIV
)
CAMBREX
Corp.
,
Bayonne
,
N.J.
,
declared
its
initial
quarterly
of
five
cents
a
share
,
payable
Dec.
1
to
stock
of
record
Nov.
10
.
The
maker
of
specialty
chemicals
has
about
5.9
million
shares
outstanding
.
The
company
said
the
move
recognizes
its
strong
financial
position
.
Although
profits
were
``
squeezed
''
in
1989
,
mainly
as
a
result
of
higher
raw-material
costs
,
the
company
said
it
is
confident
about
future
earnings
and
cash
flow
for
1990
and
beyond
.
In
national
over-the-counter
trading
yesterday
,
Cambrex
shares
rose
50
cents
to
close
at
$
13
a
share
.