Formula Systems 1985 (FORTY) Declares $0.34 Quarterly Dividend; 5% Yield

Go back to Formula Systems 1985 (FORTY) Declares $0.34 Quarterly Dividend; 5% Yield

Formula Systems Announces Distribution of Cash Dividend

June 30, 2015 4:21 AM EDT

OR YEHUDA, Israel, June 30, 2015 /PRNewswire/ --

Formula Systems (1985) Ltd. (NASDAQ: FORTY), a leading provider of software consulting services, computer-based business solutions and proprietary software products, today announced that its Board of Directors has declared a cash dividend in the amount of US $0.34 per share and in the aggregate amount of approximately US $5.0 million.

The dividend is payable on August 6, 2015 to all of the Company's shareholders of record at the close of trading on the NASDAQ Global Select Market (or the Tel-Aviv Stock Exchange, as... More