Emcore (EMKR) Declares $1.50 Special Dividend; 26.3% Yield

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Go back to Emcore (EMKR) Declares $1.50 Special Dividend; 26.3% Yield

EMCORE to Issue Special Dividend of $1.50 per share

July 6, 2016 4:10 PM EDT

ALHAMBRA, Calif., July 06, 2016 (GLOBE NEWSWIRE) -- EMCORE Corporation (NASDAQ: EMKR), a leading provider of Indium Phosphide (InP) optical chips, components, subsystems and systems for the broadband and specialty fiber optics market, announced today that it has completed its strategic review and will distribute $1.50 per share via a special dividend payable on July 29, 2016 to shareholders of record as of July 18, 2016.

With this action, EMCOREs Board of Directors will have returned approximately $85M of cash to its shareholders since June 2015, representing approximately 50% of the cash received from operations sold in the prior fiscal... More