Balchem Stock Splits, Dividend Grows

Balchem Stock Splits, Dividend Grows

NEW HAMPTON, N.Y.BalchemCorp.(AMEX:BCP) announced in December 2004 its Board of Directors approved a 3-for-2 stock split, in the form of a stock dividend, as well as a regular cash dividend of $.09 per share. Both benefits were to be delivered on Jan. 20 to shareholders on record as of Dec. 30, 2004. According to the company, qualified shareholders will receive an additional BCP common share for each two held, and then they will receive $.09 for all shares held.

This boards action recognizes the companys strong financial performance and reflects the boards continued confidence in the companys prospects, stemming from our core business, as well as new initiatives underway, said Dino Rossi, president and chief executive officer of Balchem, which consists of ARC Specialty Products, Balchem Encapsulates and BCP Ingredients. He added that the increase in outstanding shares resulting from the stock split is expected to improve trading liquidity and provide for a broader ownership of BCP stock.