Mercer Int'l (MERC) Declares $0.115 Quarterly Dividend; 3.8% Yield
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Mercer International Inc. Reports 2017 Second Quarter Results and Announces Quarterly Cash Dividend of $0.115
July 27, 2017 4:30 PM EDTNEW YORK, July 27, 2017 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) (TSX:MERC.U) today reported results for the second quarter ended June 30, 2017. Operating EBITDA* in the second quarter of 2017 increased by approximately 13% to $39.1 million from $34.7 million in the same quarter of 2016 but declined from $60.2 million in the prior quarter. In the current quarter, strong operating performance was partially offset by a large planned maintenance shut along with foreign exchange losses on foreign currency balances. In the current quarter, we had 22 days of annual maintenance downtime at our pulp mills... More
