Sigma-Aldrich (Nasdaq: SIAL) Declares Quarterly Dividend; Sets Annual Advisory Vote on Executive Compensation
ST. LOUIS, Aug. 10, 2011 /PRNewswire/ -- At the Board of Directors meeting held August 9, 2011, the Directors took the following actions:
Dividend: The Directors declared a quarterly cash dividend of $.18 per share. This represents an increase of 12.5% over the dividend payout in the prior year quarter. The dividend is payable on September 15, 2011 to shareholders of record on September 1, 2011.
Executive Compensation: At the Company's Annual Meeting of Shareholders on May 3, 2011, the shareholders cast the highest number of votes for annual advisory votes on executive compensation. In light of this result and other factors considered by the Directors at their most recent meeting, they determined that the Company will solicit annual approval, on an advisory basis, of the compensation of its named executive officers until the next advisory vote on the frequency occurs. The next non-binding vote regarding the frequency of advisory votes on executive compensation is required to be held no later than the Company's 2017 Annual Meeting of Shareholders, although an earlier vote regarding the frequency may be held at the discretion of the Board.
About Sigma-Aldrich: Sigma-Aldrich is a leading Life Science and High Technology company. Our biochemical and organic chemical products and kits are used in scientific research, including genomic and proteomic research, biotechnology, pharmaceutical development, and as key components in pharmaceutical, diagnostic and other high technology manufacturing. We have customers in life science companies, university and government institutions, hospitals and in industry. Over one million scientists and technologists use our products. Sigma-Aldrich operates in 40 countries and has 8,300 employees providing excellent service worldwide. We are committed to accelerating our Customers' success through leadership in Life Science, High Technology and Service. For more information about Sigma-Aldrich, please visit our award winning web site at www.sigma-aldrich.com.
SOURCE Sigma-Aldrich
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