VAN NUYS, CALIFORNIA -- December 11, 2012--
Superior Industries International, Inc.
(NYSE:SUP) today announced that its board of directors
approved an accelerated payment of the 2013 regular cash
dividends into 2012.
The company will distribute a cash dividend on the common
stock of the corporation in the amount of $0.64 per share,
payable December 28, 2012 to shareholders of record as of
December 21, 2012. This accelerated dividend is intended by
the board to be in lieu of regular quarterly dividends that
the company otherwise would have paid in calendar year 2013.
The annual dividend rate per share in 2013 is unchanged from
the rate in 2012.
"Our board of directors decided to accelerate the payment of
dividends due to uncertainty regarding dividend tax rates in
2013," said Steven J. Borick, Chairman, Chief Executive
Officer and President. "We are pleased to be in the position
to mitigate a potential increase in tax burden for many of
our shareholders, and at the same time maintain our strong
balance sheet and liquidity."
About Superior Industries
Superior is the largest manufacturer of aluminum wheels for
passenger cars and light-duty vehicles in North America. From
its five plants in both the U.S. and Mexico, the company
supplies aluminum wheels to the original equipment market.
Major customers include Ford, General Motors, Chrysler, BMW,
Mitsubishi, Nissan, Subaru, Toyota and Volkswagen.www.supind.com.