MGC Diagnostics (MGCD) Declares $0.70 Special Dividend; 9.1% Yield

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MGC Diagnostics Corporation Declares $0.70 Per Share Special Cash Dividend and Retains Investment Banking Firm to Explore Strategic Options

January 25, 2017 4:03 PM EST

SAINT PAUL, Minn., Jan. 25, 2017 /PRNewswire/ -- MGC Diagnostics Corporation (NasdaqCM: MGCD), a global medical technology company, announced today that its Board of Directors approved a special cash dividend of $0.70 per share on its outstanding common stock. The cash dividend will be payable on February 24, 2017 to all shareholders of record as of February 10, 2017.

MGC Diagnostics Corporation Chairman Mark Sheffert stated, "The Board of Directors has approved a special cash dividend, demonstrating our commitment to enhancing shareholder value. This special dividend is the result of our confidence in the Company's... More