Abaxis (ABAX) Raises Quarterly Dividend 16.7% to $0.14; 1.2% Yield

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Abaxis Declares Quarterly Cash Dividend

October 28, 2016 9:15 AM EDT

UNION CITY, Calif., Oct. 28, 2016 /PRNewswire/ -- The Board of Directors of Abaxis, Inc. (NasdaqGS: ABAX), has declared a cash dividend of $0.14 per common share.  The dividend will be payable on December 15, 2016 to all shareholders of record at the close of business on December 1, 2016.  Abaxis increased the dividend by approximately 17%, to $0.14 from its prior quarterly cash dividend of $0.12 per share.  Any future dividends will be subject to approval by Abaxis' Board of Directors. 

"Today's announcement reflects our commitment to enhancing shareholder value and our confidence in the company's long term cash... More