MasterCraft (MCFT) Declares $4.30 Special Dividend; 32.7% Yield
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MasterCraft Declares Special Cash Dividend of $4.30 Per Share
May 27, 2016 9:29 AM EDTVONORE, Tenn., May 27, 2016 (GLOBE NEWSWIRE) -- MasterCraft (NASDAQ: MCFT) today announced that its Board of Directors has declared a special cash dividend of $4.30 per share of common stock. The dividend, totaling an aggregate payment of approximately $80.0 million, will be paid on June 10, 2016, to shareholders of record as of the close of business on June 6, 2016. The special dividend will be funded through existing cash and borrowings under a new credit facility.
Terry McNew, MasterCrafts President and Chief Executive Officer, commented, As we stated when we announced our share repurchase program in February, MasterCrafts Board... More
