Transcept Pharmaceuticals, Inc. (TSPT) Declares $1.33 Special Dividend; 45.4% Yield

Transcept Pharmaceuticals, Inc. (NASDAQ: TSPT) declared a special dividend of $1.33 per share.

The dividend will be payable on June 3, 2014, to stockholders of record on May 26, 2014.

The annual yield on the dividend is 45.4 percent.

"We are pleased to distribute a significant amount of cash to our stockholders, and we continue to explore a range of alternatives to enhance stockholder value," said Glenn A. Oclassen, Transcept Chairman and CEO. "We are still actively evaluating several opportunities including a business combination and/or partnership opportunities together with our strategic and financial advisor, Leerink Swann, LLC. We look forward to further updating our stockholders as these initiatives progress."

For a dividend history and other dividend-related data on Transcept Pharmaceuticals, Inc. (TSPT) click here.

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