IncrediMail (MAIL) Approves Interim Cash Dividend of $3.8M, or $0.40/Share
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IncrediMail Ltd. (NASDAQ: MAIL) today announced that its Board of Directors approved an interim cash dividend of $3.8 million, which is approximately $0.40 per share. Distributing the dividend is subject to receipt by the Company of a tax pre-ruling from the Israeli Tax Authority as required by Israeli law.
The dividend's record date and date of distribution are intended to be announced after receiving the pre-ruling from the Israeli Tax Authority.
This interim dividend is equivalent to the Company's net earnings in the first half of 2009, and is part of the Company's dividend policy, as announced on March 12, 2009, whereby at least 50% of the Company's annual net income is planned to be paid out as a dividend.
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