Oplink (OPLK) Initiates Qtr Dividend at 5c; Yields 1.2%
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Oplink Communications (OPLK) Initiates Qtr. Dividend; Plans Spin of Connected Business; Q4 Revs Top Views
July 29, 2014 8:07 AM EDTOplink Communications (NASDAQ: OPLK) announced a series of initiatives to further enhance shareholder value.
Those initiatives include the Company's intent to evaluate strategic alternatives for its Oplink Connected unit, including a possible sale of the business; the authorization of a $40 million increase to its existing share repurchase program; the initiation of a quarterly dividend to shareholders, which will begin with a $0.05 dividend in the first quarter of fiscal 2015; and Oplink's intent to expand its Board of Directors by up to two members in order to add further industry expertise.
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