USA Mobility (USMO) Halves Qtr. Dividend to $0.125; Yields 3.7%; Restarts $25M Buyback
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USA Mobility, Inc. (NASDAQ: USMO) declared a quarterly dividend of $0.125 per share, or $0.5 annualized. This is a 50% decrease from the prior dividend of $0.25.
The dividend will be payable on September 7, 2012, to stockholders of record on August 17, 2012, with an ex-dividend date of August 15, 2012.
The annual yield on the dividend is 3.7 percent.
Kelly said the Board approved renewal of the Company’s stock repurchase plan, which was adopted in 2008 and suspended in March 2011 at the time of the Amcom acquisition. The plan, which extends through December 31, 2013, resets the repurchase authority to $25 million as of August 1, 2012. Since the buy back program began, the Company has repurchased 5.6 million shares of its common stock.
For a dividend history and other dividend-related data on USA Mobility, Inc. (USMO) click here.
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The dividend will be payable on September 7, 2012, to stockholders of record on August 17, 2012, with an ex-dividend date of August 15, 2012.
The annual yield on the dividend is 3.7 percent.
Kelly said the Board approved renewal of the Company’s stock repurchase plan, which was adopted in 2008 and suspended in March 2011 at the time of the Amcom acquisition. The plan, which extends through December 31, 2013, resets the repurchase authority to $25 million as of August 1, 2012. Since the buy back program began, the Company has repurchased 5.6 million shares of its common stock.
For a dividend history and other dividend-related data on USA Mobility, Inc. (USMO) click here.
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