Tessera initiates quarterly dividend

theflyonthewall.com

Tessera Technologies announced that its Board of Directors has approved a policy of paying a quarterly cash dividend of 10c per share of common stock, commencing with a dividend payable on June 14, 2012 to stockholders of record at the close of business on May 24, 2012. “The initiation of a quarterly dividend reflects the Board’s confidence that the Company has sufficient capital resources in the near term, and confidence in the Company’s long-term growth prospects," said Robert A. Young, president and CEO.

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