COLUMBUS, Ohio -- (BUSINESS WIRE) -- Quality Products, Inc. (Pink Sheets : QPDC) today announced its board of directors approved a special one-time dividend of $2.50 per share, or approximately $5.9 million. The special dividend will be payable on Tuesday, May 20, 2014 to shareholders of record on Tuesday, May 6, 2014. The dividend will be funded with a combination of available cash and bank financing.
Additionally, the Company announces the appointment of Dan L. Drexler and Jason I. Drexler to the Board of Directors. They join Richard A. Drexler, who remains in his positions of Chairman and Chief Executive Officer.