Pike Electric Corp. (PIKE) Declares $1.00 Special Dividend; 10.5% Yield

December 4, 2012 4:03 PM EST
Pike Electric Corp. (NYSE: PIKE) declared a special dividend of $1.00 per share.

The dividend will be payable on December 21, 2012, to stockholders of record on December 14, 2012.

The annual yield on the dividend is 10.5 percent.

“We reported very strong financial results in our fiscal first quarter. Our performance in the September quarter was driven by a combination of double-digit organic growth, the contribution from our most recent acquisition, and $50 million in storm-related revenue," said Eric Pike, Chairman and Chief Executive Officer. "In anticipation of another strong performance in our fiscal second quarter, I am pleased to report the board’s decision to payout a special dividend before December 31."

For a dividend history and other dividend-related data on Pike Electric Corp. (PIKE) click here.

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