Fluorocarbon Co., a Laguna Niguel rubber and...
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Fluorocarbon Co., a Laguna Niguel rubber and plastics molder, announced Wednesday that it is raising its quarterly dividend from 5 cents to 6 cents per share, payable April 30 to shareholders of record April 15.
The company has said its financial position has improved by selling lackluster operations and reducing its work force. Last month, the company announced that it would sell its semiconductor division to a group of its managers and outside investors for $12 million in cash and notes. The sale is expected to be closed by April 24.
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