Michael Baker declares initial quarterly dividend of 14c per share

theflyonthewall.com

The company said, "At September 30, Baker had a cash balance of $67.1M and no debt, demonstrating that it continues to generate positive cash flow from operations despite difficult business conditions. In consideration of the company’s financial resources and its focus on improving organic results rather than pursuing significant acquisitions, the Board of Directors has adopted a policy to pay regular quarterly dividends." The Board declared a cash dividend of 14c per share, payable on December 19 to shareholders of record on November 28.

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