Art's-Way Manufacturing Co. Inc. announced the board of directors of the corporation approved a cash dividend on the company's common stock. The dividend of $0.06 is payable on November 30, 2009, to shareholders of record on November 16, 2009.

Art's-Way Manufacturing Co. Inc. reported earnings results for the third quarter and nine months ended August 31, 2009. For the quarter, the company reported net income of $67,725 or $0.02 per diluted share on revenue of $5,600,464 compared to net income of $538,389 or $0.13 per diluted share on revenue of $9,420,696 for the same period a year ago. Operating income was $213,169 compared to operating income of $870,484 for the same period a year ago. For the nine months, the company reported net income of $181,238 or $0.05 per diluted share on revenue of $19,406,975 compared to net income of $1,904,275 or $0.48 per diluted share on revenue of $23,855,763 for the same period a year ago. Operating income was $602,033 compared to operating income of $2,723,604 for the same period a year ago. This decrease, however, was partially offset by the sales from the Miller Pro products, and also the sales of augers, which the company started producing in the current fiscal year.

Art's-Way Manufacturing Co. Inc., Q3 2009 Earnings Call, Oct 14 2009