Conrad declares cash dividend

MORGAN CITY — Conrad Industries announced Friday that its board of directors declared a special cash dividend of $2 per common share.

The special cash dividend is payable to shareholders of record on Dec. 24 and is expected to be paid on or about Dec. 31.

Johnny Conrad, co-chairman and CEO, said “The decision to pay this one-time special cash dividend by our board of directors is indicative of our confidence in the company’s financial strength.”

Conrad was established in 1948 and is headquartered in Morgan City. It designs, builds and overhauls tugboats, ferries, lifeboats, barges, offshore supply vessels and other steel and aluminum products for both the commercial and government markets. The company provides both repair and new construction services at its four shipyards located in southern Louisiana and Texas.

St. Mary Now & Franklin Banner-Tribune

Franklin Banner-Tribune
P.O. Box 566, Franklin, LA 70538
Phone: 337-828-3706
Fax: 337-828-2874

Morgan City Daily Review
P.O. Box 948, Morgan City, LA 70381
Phone: 985-384-8370
Fax: 985-384-4255

Follow Us