Pall Corporation (NYSE:PLL) has declared its quarterly dividend of $0.16 per share. The dividend has increased by 10.3% since the previous quarter. The dividend will be payable to stockholders of record as of February 9, 2010, on February 23, 2010. Pall Corporation Chairman and CEO Eric Krasnoff has noted that this is the sixth consecutive year that the company has raised its quarterly dividend. The company remains committed to delivering value to its shareholders.
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Pall Corporation, along with its subsidiaries, is a supplier of filtration, separation and purification technologies principally made by the Company using its engineering capability and fluid management, filter media, and other fluid clarification and separations equipment for the removal of solid, liquid and gaseous contaminants from a variety of liquids and gases. The Company serves customers through two business groups globally: Life Sciences and Industrial. The Life Sciences business group is focused on developing, manufacturing and selling products to customers in the medical and biopharmaceuticals marketplaces. The Industrial business group is focused on developing, manufacturing and selling products to customers in the aerospace and transportation, microelectronics and energy, and water and process technologies markets. In January 2010, the Company announced its acquisition of MicroReactor Technologies, Inc. (MRT), a biotechnology company.
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