Formula Systems (FORTY) Declares $0.34 Quarterly Dividend; 4.9% Yield

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Formula Systems Announces Distribution of Cash Dividend

January 7, 2016 9:36 AM EST

OR YEHUDA, Israel, January 7, 2016 /PRNewswire/ --

Formula Systems (1985) Ltd. (NASDAQ: FORTY), a leading software consulting services, computer-based business solutions and proprietary software products holding company, 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 February 4, 2016 to all of the Company's shareholders of record at the... More