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Starrett Announces Suspension of Dividend

Athol, Mass., March 08, 2018 (GLOBE NEWSWIRE) -- ON WEDNESDAY, MARCH 7, 2018, DIRECTORS VOTED TO SUSPEND THE QUARTERLY DIVIDEND INDEFINITELY. THIS ACTION WAS TAKEN WITH A LONG-TERM VIEW OF OUR BUSINESS AND WE BELIEVE IT IS IN THE BEST INTEREST OF THE COMPANY, AND THAT OF OUR STAKEHOLDERS, TO RETAIN ENOUGH CASH IN THE BUSINESS TO INVEST IN OUR FUTURE.

THE L. S. STARRETT COMPANY FRANCIS J. O’BRIEN TREASURER AND CHIEF FINANCIAL OFFICER Tel.: 978 249-3551 / Fax: 978 249-8495 www.starrett.com

Source:L.S. Starrett Company(The)