Hardinge (HDNG) Swings to Q1 Profit; Declares $0.005 Qtr. Dividend; 0.2% Yield

May 6, 2011 9:03 AM EDT
Hardinge, Inc. (NASDAQ: HDNG) reported Q1 EPS of $0.12, versus ($0.45) reported last year. Revenue for the quarter came in at $113.76 million, versus $57.49 million reported last year.

The Company's Board of Directors declared a cash dividend of $0.005 per share on the Company's common stock, $0.02 annualized.

The dividend is payable on June 10, 2011 to stockholders of record as of June 1, 2011, with an ex-dividend date of May 30, 2011.

Yield on the dividend is 0.2 percent.

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