RRSat (RRST) Declares $0.23 Quarterly Dividend; 23% Yield

RRSat Global Communications (Nasdaq: RRST) declared a quarterly dividend of $0.23 per share, or $0.92 annualized.

The dividend will be payable on April 19, 2012, to stockholders of record on April 5, 2012, with an ex-dividend date of April 3, 2012.

The annual yield on the dividend is 23 percent.

Shlomo Shamir, Chairman of RRsat stated: "We are pleased to distribute a dividend of $0.23 per share to our shareholders. During the past three years we have used some of our cash for a major infrastructure upgrade and expansion of our main teleport, a project that was completed last year. Our board of directors decided to distribute some of our cash as dividends to our shareholders, while maintaining enough cash to run our business and for any future strategic opportunities."

For a dividend history and other dividend-related data on RRSat Global Communications (RRST) click here.

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