Bolt Technology Corp. (BOLT) Declares $0.50 Special Dividend; 3.6% Yield

November 20, 2012 12:03 PM EST
Bolt Technology Corp. (NASDAQ: BOLT) declared a special dividend of $0.50 per share.

The dividend will be payable on December 18, 2012, to stockholders of record on December 4, 2012.

The annual yield on the dividend is 3.6 percent.

Commenting on the dividends, Raymond M. Soto, Chairman and CEO, said, "The Board's decision to declare the special cash dividend and the quarterly dividend reflect our strong financial position and our commitment to delivering shareholder value. After payment of these dividends, our cash levels and capitalization will remain strong and continue to provide the financial resources both to support our operations and allow us to pursue strategic opportunities to further enhance our shareholder value. Also, by paying these dividends in calendar year 2012 our shareholders can take advantage of current dividend tax rates which may increase in 2013."

For a dividend history and other dividend-related data on Bolt Technology Corp. (BOLT) click here.

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