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Servidyne, Inc. (SERV) Widens Q4 Loss; Declares $0.01 Quarterly Dividend; 1.3% Yield; OKs 100K Buyback

March 17, 2011 6:35 AM EDT
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Price: $6.97 -6.32%

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Servidyne, Inc. (NASDAQ: SERV) reported Q4 EPS of ($0.32), versus ($0.17) last year. Revenue for the quarter came in at $5.94 million, versus $4.24 million last year.

Servidyne has declared a cash dividend in the amount of $0.01 per share, 0.04 annualized.

The dividend is payable on April 15, 2011, to shareholders of record on March 25, 2011. The ex-dividend date is March 23, 2011.

Yield on the dividend is 1.3%.

Servidyne also announced that the Board of Directors has extended the authorization to repurchase up to 100,000 shares of the Company’s common stock during the twelve-month period beginning March 10, 2011, and ending March 9, 2012.


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