Flamemaster Declares 20% Stock Dividend

Flamemaster’s directors declared a 20% stock dividend, payable July 25 to Flamemaster stockholders of record July 7.

Joseph Mazin, chief executive of the Sun Valley maker of flame-retardant sealants, coatings and storage cabinets, said in a statement that the payout was a result of the company’s “sustained profitability” and expectations of “continued growth of sales and earnings.”

Flamemaster has about 1.35 million common shares outstanding.