Formula Systems (FORTY) Declares $0.34 Semi-Annual Dividend; 1.7% Yield

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Formula Systems Announces Distribution of Cash Dividend for the First Half of 2017

September 19, 2017 4:25 AM EDT

OR YEHUDA, Israel, September 19, 2017 /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 November 2nd, 2017 to all of the Company's shareholders of record at the close of trading on the NASDAQ Global... More