Great Lakes Dredge & Dock Corporation announced today that its Board of Directors has declared a quarterly cash dividend on its common stock. The Board approved a $0.017 per share cash dividend, to be paid on March 18, 2011 to the holders of record of common stock of the Company at the close of business on March 11, 2011.
Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States and the only U.S. dredging company with significant international operations. The Company is also one of the largest U.S. providers of commercial and industrial demolition services primarily in the Northeast. Additionally, the Company owns a 50% interest in a marine sand mining operation in New Jersey which supplies sand and aggregate used for road and building construction.
Great Lakes employs over 150 degreed engineers, most specializing in civil and mechanical engineering, which contributes to its 120-year history of never failing to complete a marine project. Great Lakes has a disciplined training program for engineers which ensures experienced-based performance as they advance through Company operations. Great Lakes also owns the largest and most diverse fleet in the U.S. industry, comprised of over 180 specialized vessels.
Source: businesswire, March 2, 2011