ONEIDA, N.Y., Nov. 29, 2001 (PRIMEZONE) -- Oneida Ltd. (NYSE:OCQ) announced today that its Board of Directors approved a quarterly dividend of 2 cents per share on the common stock, which is a reduction from the previous level of 5 cents. The preferred stock dividend rate of 37-1/2 cents per share remains unchanged. Both are payable January 30, 2002 to stockholders of record as of the close of business January 10, 2002.
This will be the 264th consecutive quarterly cash dividend paid on the common shares, covering the past 66 years.
Oneida Ltd. is a leading manufacturer and marketer of flatware and dinnerware for both the consumer and foodservice industries worldwide. Oneida also is a leading marketer of a variety of crystal, glassware and metal serveware for those industries.