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Capital Stock
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Capital Stock Capital Stock

Preferred Stock — The Company has authorized Preferred Stock with a par value of $0.01. None of the 500,000 authorized shares have been issued.

Common Stock — As of December 31, 2019, 5,422 Lydall stockholders of record held 17,622,191 shares of Common Stock.

Dividend policy — The Company does not pay a cash dividend on its common stock. The Company’s Amended Credit Agreement does not place any restrictions on cash dividend payments, so long as the payments do not place the Company in default.