View Single Post
Old 02-08-2018, 10:52 PM
silvor silvor is offline
Join Date: Aug 2017
Posts: 126
Default Cut their dividend in half

They cut their dividend in half, so with the drop in price with yield is now ~4%

Update on Dividend Policy
The Board of Directors approved a dividend of $0.175 per share for the third quarter of fiscal 2018 for an expected annual dividend of $0.70 per share. This represented a reduction from the quarterly dividend of $0.35 per share that we have previously paid to our stockholders and would increase available cash to fund our operations and the growth of our businesses by approximately $6.0 million annually. The third quarter dividend will be paid on February 23, 2018 to stockholders of record on February 13, 2018.
Reply With Quote