Interpool to Boost Fourth-Quarter Dividend

Click here to write a Letter to the Editor.

nterpool Inc., a maker of shipping containers and chassis for intermodal container transport, said that its board of directors approved an increase of 12 cents a share in its fourth-quarter dividend payment.

The additional dividend will be payable, together with the previously declared regular quarterly dividend payment of 8 cents a share, on Jan. 17, to stockholders of record on Jan. 3. The dividend payment will now total 20 cents a share, Interpool said in a statement.

“The additional dividend we are paying to our stockholders in January will not only protect us against personal holding company tax liability, but also demonstrates once again our commitment to taking steps to enhance shareholder value,” Chairman and Chief Executive Officer Martin Tuchman said in a statement.