Industrial minerals producer Zemex (ZMX-N) has declared a stock dividend.
Shareholders of record on Oct. 19 will receive one additional share for every 50 shares held, payable on Nov. 2. Zemex has about 8.5 million shares outstanding.
The company made news earlier this year when it issued a takeover bid for Inmet Mining (IMN-T). Inmet fought back in a large share-buyback, to which about 97.4% of shares were tendered.
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