TransAct (TACT) to Initiate Qtr. Dividend at 6c/Share; Yields 3.3%; Suspends 10b51 Plan
Tweet Send to a FriendGet Alerts TACT Hot Sheet
Trade TACT Now!
TransAct Technologies Incorporated (Nasdaq: TACT), plans to initiate a quarterly cash dividend policy. Subject to declaration by the Board of Directors, the Company's initial quarterly dividend is expected to be $0.06 per share, for an annual payout of $0.24, which the Company plans to begin paying in the fourth quarter of 2012.
At today's trading range, annual yield would be about 3.3 percent.
The company anticipates paying a cash dividend in December, March, June and September of each year. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change.
In conjunction with its dividend policy, the Company is suspending its previously announced 10b5-1 stock repurchase program; however, the Company remains authorized to purchase stock from time to time under its existing $15 million stock buyback program depending on market conditions and other factors.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
At today's trading range, annual yield would be about 3.3 percent.
The company anticipates paying a cash dividend in December, March, June and September of each year. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change.
In conjunction with its dividend policy, the Company is suspending its previously announced 10b5-1 stock repurchase program; however, the Company remains authorized to purchase stock from time to time under its existing $15 million stock buyback program depending on market conditions and other factors.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- TransDigm (TDG) Considers $1-$1.8B Special Dividend; Requests to Amend Credit Facility
- AFC Enterprises (AFCE) CEO Bachelder Enters Rule 10b5-1 Trading Plan
- UPDATE: American Vanguard (AVD) Boosts Dividend to $0.20; 0.7% Yield; Will Pay in Qtr. Installments
Create E-mail Alert Related Categories
Corporate News, Dividends, Insider TradesRelated Entities
Dividend, Stock Buyback
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
