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Hurco Companies Inc. Message Board

  • steve_382n steve_382n Jun 17, 2013 5:31 PM Flag

    Dividend started

    Not a lot, a little less than 1% yield. Shows confidence in the financials, but may indicate lack of near term improvements in earnings. Still, I will take it.

    INDIANAPOLIS, June 17, 2013 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (HURC), an international industrial technology company, announced today that its Board of Directors approved the payment of an initial quarterly cash dividend of $0.05 per share. The dividend will be paid on July 12, 2013, to shareholders of record as of the close of business on June 28, 2013. "The initiation of a quarterly dividend reflects our financial strength and commitment to increasing shareholder value and total shareholder return," said Michael Doar, Chairman and Chief Executive Officer. "Our financial condition and recent performance enables us to be in a position to continue to implement our strategic plan while returning excess capital to our shareholders."

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HURC
32.73+0.22(+0.68%)May 3 4:00 PMEDT