Xyratex, Ltd. (XRTX) Declares $2.00 Special Dividend; 20.1% Yield

Xyratex, Ltd. (NASDAQ: XRTX) declared a special dividend of $2.00 per share.

The dividend will be payable on December 31, 2012, to stockholders of record on December 27, 2012.

The annual yield on the dividend is 20.1 percent.

"The company's solid, debt-free balance sheet and projected cash generation allow us to pay approximately $58 million of special dividends together with approximately $2 million of accelerated quarterly dividends from cash on hand while maintaining the flexibility to continue to invest in our business. Our board believes paying these dividends at this time will provide additional value to our shareholders," said Steve Barber, CEO of Xyratex.

For a dividend history and other dividend-related data on Xyratex, Ltd. (XRTX) click here.

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