ACW » Topics » DIVIDEND POLICY

These excerpts taken from the ACW 10-K filed Mar 13, 2009.

DIVIDEND POLICY

 

We have never declared or paid any cash dividends on our common stock. For the foreseeable future, we intend to retain any earnings, and we do not anticipate paying any cash dividends on our common stock. In addition, our senior credit facilities and the indenture governing our senior subordinated notes restrict our ability to pay dividends. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Capital Resources and Liquidity.” Any future determination to pay dividends will be at the discretion of Accuride’s Board of Directors (“Board of Directors”) and will be dependent upon then existing conditions, including our financial condition and results of operations, capital requirements, contractual restrictions, business prospects and other factors that our Board of Directors considers relevant.

 

DIVIDEND POLICY



 



We have never declared or paid any cash
dividends on our common stock. For the foreseeable future, we intend to retain
any earnings, and we do not anticipate paying any cash dividends on our common
stock. In addition, our senior credit facilities and the indenture governing
our senior subordinated notes restrict our ability to pay dividends. See “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations—Capital Resources and Liquidity.” Any future determination to pay
dividends will be at the discretion of Accuride’s Board of Directors (“Board of
Directors”) and will be dependent upon then existing conditions, including our
financial condition and results of operations, capital requirements,
contractual restrictions, business prospects and other factors that our Board
of Directors considers relevant.



 



These excerpts taken from the ACW 10-K filed Mar 17, 2008.

DIVIDEND POLICY

 

We have never declared or paid any cash dividends on our common stock. For the foreseeable future, we intend to retain any earnings, and we do not anticipate paying any cash dividends on our common stock. In addition, our senior credit facilities and the indenture governing our senior subordinated notes restrict our ability to pay dividends. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Capital Resources and Liquidity.” Any future determination to pay dividends will be at the discretion of our Board of Directors and will be dependent upon then existing conditions, including our financial condition and results of operations, capital requirements, contractual restrictions, business prospects and other factors that our Board of Directors considers relevant. Furthermore, as a holding company, we depend on the cash flow of our subsidiaries.

 

DIVIDEND POLICY



 



We have never declared or paid any cash
dividends on our common stock. For the foreseeable future, we intend to retain
any earnings, and we do not anticipate paying any cash dividends on our common
stock. In addition, our senior credit facilities and the indenture governing
our senior subordinated notes restrict our ability to pay dividends. See “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations—Capital Resources and Liquidity.” Any future determination to pay
dividends will be at the discretion of our Board of Directors and will be dependent
upon then existing conditions, including our financial condition and results of
operations, capital requirements, contractual restrictions, business prospects
and other factors that our Board of Directors considers relevant. Furthermore,
as a holding company, we depend on the cash flow of our subsidiaries.



 



This excerpt taken from the ACW 10-K filed Mar 9, 2007.

DIVIDEND POLICY

We have never declared or paid any cash dividends on our common stock. For the foreseeable future, we intend to retain any earnings and we do not anticipate paying any cash dividends on our common stock. In addition, our senior credit facilities and the indenture governing our senior subordinated notes restrict our ability to pay dividends. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Capital Resources and Liquidity.” Any future determination to pay dividends will be at the discretion of our Board of Directors and will be dependent upon then existing conditions, including our financial condition and results of operations, capital requirements, contractual restrictions, business prospects and other factors that our Board of Directors considers relevant. Furthermore, as a holding company, we depend on the cash flow of our subsidiaries.

This excerpt taken from the ACW 10-K filed Mar 7, 2006.

DIVIDEND POLICY

 

We have never declared or paid any cash dividends on our common stock. For the foreseeable future, we intend to retain any earnings and we do not anticipate paying any cash dividends on our common stock. In addition, our new senior credit facilities and the indenture governing our senior subordinated notes restrict our ability to pay dividends. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Capital Resources and Liquidity.” Any future determination to pay dividends will be at the discretion of our board of directors and will be dependent upon then existing conditions, including our financial condition and results of operations, capital requirements, contractual restrictions, business prospects and other factors that our board of directors considers relevant. Furthermore, as a holding company, we depend on the cash flow of our subsidiaries.

 

This excerpt taken from the ACW 10-K filed Mar 31, 2005.

DIVIDEND POLICY

        We have not declared or paid cash dividends on our Common Stock. We currently intend to retain any future earnings to pay down debt and finance the growth and development of our business and therefore do not anticipate paying any cash dividends in the foreseeable future. Any future determination to pay cash dividends will be made by our Board of Directors in light of our earnings, financial position, capital requirements and such other factors as the Board of Directors deems relevant. The payment of dividends is restricted under the terms of the Refinancing and the Indenture. See "Item 7-Management's Discussion and Analysis of Financial Condition and Results of Operations—Capital Resources and Liquidity."

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