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CECO Environmental raises quarterly dividend

CINCINNATI (AP) -- Air pollution control and industrial ventilation systems maker CECO Environmental Corp. raised its quarterly dividend on Tuesday.

The Cincinnati company said the dividend will go up a dime to 45 cents per share.

That's a 29 percent increase over last quarter. The higher dividend will be paid Sept. 28 to shareholders of record at the close of business on Sept. 14.

The company's board also approved a plan for shareholders to reinvest part of their dividends to buy more common stock at the market price, CECO said in a statement.

Shares of CECO rose 10 cents, or 1.2 percent, to $8.19 in afternoon trading. They have traded in a range of $4.98 to $8.65 in the past year.