ESCO Technologies Inc. Announces Quarterly Cash Dividend, Payable on January 17, 2020; Appoints Gloria L. Valdez as Additional Independent Director
November 20, 2019 at 02:45 am IST
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ESCO Technologies Inc. announced next quarterly cash dividend of $0.08 per share will be paid on January 17, 2020 to stockholders of record on January 2, 2020.
Effective November 13, 2019, the Company added an additional independent director, Gloria L. Valdez to the Company's Board of Directors. Ms. Valdez retired in 2018 after 32 years of civilian service with the Department of the Navy and the Department of Homeland Security. Prior to her retirement she served as Deputy Assistant Secretary of the Navy for Ships within the Office of the Assistant Secretary of the Navy for Research, Development and Acquisition. In this capacity, Ms. Valdez was responsible for executive oversight of all naval shipbuilding programs, major ship conversions, and the maintenance, modernization and disposal of in-service ships. Adding a new director further enhances Corporate Governance, facilitates board refreshment, and adds new and relevant experience supplementing existing independent director oversight.
ESCO Technologies Inc. provides highly engineered products and solutions to diverse and growing end-markets that include the aerospace, defense, space, healthcare, wireless, consumer electronics, electric utility and renewable energy industries. The Company has three segments: Aerospace & Defense (A&D), Utility Solutions Group (USG), and RF Test & Measurement (Test). A&D segment primarily designs and manufactures specialty filtration, fluid control and naval products, including hydraulic filter elements, fluid control devices and precision-tolerance machined components. USG is engaged in the development, manufacture and delivery of diagnostic testing and data management solutions that enable electric power grid operators to assess the integrity of high-voltage power delivery equipment. Test segment designs and manufactures products and systems to measure and control RF and acoustic energy for research and development, regulatory compliance, and medical and security applications.