KMG CHEMICALS DECLARES SEMI-ANNUAL CASH DIVIDEND
HOUSTON, TX – February 21, 2007 – KMG Chemicals, Inc. (NASDAQ: KMGB), a global provider of specialty chemicals in carefully focused markets, today announced that its Board of Directors has declared a semi-annual cash dividend of $0.0375 per common share. The dividend is payable on March 15, 2007 to shareholders of record as of March 1, 2007. As of January 31, 2007, there were approximately 10.5 million common shares outstanding.
About KMG
KMG Chemicals, Inc., through its subsidiaries, produces and distributes specialty chemicals to carefully focused markets. The Company grows by acquiring and managing stable chemical product lines and businesses with established production processes. Its wholly owned subsidiary, KMG Bernuth, Inc. is a global provider of products to the wood treating and agricultural industries.
The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct.
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Contacts:
John V. Sobchak
Chief Financial Officer
KMG Chemicals, Inc.
713-988-9252 (x.114)
jsobchak@kmgchemicals.com
Investor Relations Counsel:
The Equity Group Inc.
Loren G. Mortman
212-836-9604
LMortman@equityny.com
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