Intest Corp (INTT) Declares $0.08 Special Dividend; 3.3% Yield

December 4, 2012 4:29 PM EST
Intest Corp (NASDAQ: INTT) declared a special dividend of $0.08 per share.

The dividend will be payable on December 17, 2012, to stockholders of record on December 10, 2012.

The annual yield on the dividend is 3.3 percent.

Robert E. Matthiessen, inTEST Corporation's President and Chief Executive Officer, said, "The Board considered a variety of factors in reaching the decision to declare a dividend at this time, noting that the likelihood of an increase in the tax rates in 2013 would be economically disadvantageous to our stockholders. inTEST has and will continue to have a strong balance sheet after payment of the dividend, with over $16 million in cash and cash equivalents and approximately $21 million in working capital at the present time. Our management remains committed to its strategy of diversified growth through acquisition and remains well positioned in the event such an opportunity arises."

For a dividend history and other dividend-related data on Intest Corp (INTT) click here.

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