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It would be nice if they would reply to my email sent,but WTF ?
Oct 30th is last day,
"expects that the ex-dividend date as set by NASDAQ would be October 31, 2012"
I looking for many company`s with large cash amounts to declare a special dividend & payout before the year end.The dividend tax rate will go up jan 1
Many more to come soon (IMO)
Inteliquent's (IQNT:Quote) board has declared a special one-time cash dividend of $3.00 per share, or about $97 million in the aggregate, which would be funded with available cash on hand.
Additionally, Inteliquent said it is engaged in ongoing talks with one of its largest customers that may result in a significant reduction in the rates that the customer pays to the company and require the company to pay to terminate certain traffic to that customer.
The payment date for the special one-time cash dividend is October 30, 2012. At $3.00 per share, the dividend represents nearly 33% of the company's closing stock price on October 3, 2012. As per NASDAQ rules, when a dividend is declared in a per share amount that exceeds 25% of a company's stock price, the date on which that company's shares would begin to trade without the dividend, or ex-dividend, is the first business day following the payable date. The company understands from NASDAQ that, because the dividend is expected to exceed 25% of its share price, NASDAQ would apply this rule, and the company expects that the ex-dividend date as set by NASDAQ would be October 31, 2012, the first business day following the payable date for the dividend.
The record date for the special one-time cash dividend is the close of business on October 16, 2012.
Inteliquent's (IQNT:Quote) board has declared a special one-time cash dividend of $3.00 per share, or about $97 million in the aggregate, which would be funded with available cash on hand.
Additionally, Inteliquent said it is engaged in ongoing talks with one of its largest customers that may result in a significant reduction in the rates that the customer pays to the company and require the company to pay to terminate certain traffic to that customer.
The payment date for the special one-time cash dividend is October 30, 2012. At $3.00 per share, the dividend represents nearly 33% of the company's closing stock price on October 3, 2012. As per NASDAQ rules, when a dividend is declared in a per share amount that exceeds 25% of a company's stock price, the date on which that company's shares would begin to trade without the dividend, or ex-dividend, is the first business day following the payable date. The company understands from NASDAQ that, because the dividend is expected to exceed 25% of its share price, NASDAQ would apply this rule, and the company expects that the ex-dividend date as set by NASDAQ would be October 31, 2012, the first business day following the payable date for the dividend.
The record date for the special one-time cash dividend is the close of business on October 16, 2012.
No firm date so be careful of it ,pinky stock with just 2 on payroll so it`s a very high risk (IMO)
Heating and cooling company Watsco Inc. said Monday that its board declared a special cash dividend of $5, totaling about $172 million, and a regular quarterly cash dividend of 62 cents.
Both dividends will be paid on Oct. 31 to shareholders of record as of Oct. 15.
It`s listed as 2 employes ,that`s all 2
So does this company CEO come through with past forecasts or is this another pinky P&D ? We are talking about past history .
Medisafe 1 Technologies Corp. (MFTH)
-OTC BB
0.0047 Up 0.0029(161.11%)
Medisafe 1 Technologies Anticipates a Special Dividend of $0.01 (One Cent) to Each Shareholder of One Common Stock pending the $7MM Perpetual License Sale of Technology Rights
By Medisafe 1 Technologies Corp.
Published: Monday, Sep. 10, 2012 - 5:39 am
JERUSALEM, September 10, 2012 -- /PRNewswire/ --
Medisafe 1 Technologies Corp. (OTCBB: MFTH), a developer of patented technologies that physically prevent unauthorized administration of prescription medications, announced today that the company intends to issue a one-time special dividend to all existing shareholders pending the perpetual license sale of technology rights to a third party.
As recently reported, Medisafe 1 Technologies has advanced negotiations to enter into a non-exclusive perpetual license agreement that would transfer rights for the full commercialization, marketing and distribution of its patented medicinal locking mechanism and bar-code matching system.
Terms of the sale include a one-time payment of $7MM. The perpetual license agreement is anticipated to be signed within 30 days, pending the results of a due diligence study by the intended buyer.
The estimated dividend amount payable to each shareholder of one common stock is $0.01.
"Upon the anticipated completion of this non-exclusive perpetual license agreement, we will be extremely pleased to be able to reward our shareholders with this special dividend," said Jacob Elhadad, CEO of Medisafe 1 Technologies Corp. "Similarly, we intend to continue to update our shareholders with further information following the sale's closing."
About Medisafe 1 Technologies
Medisafe 1 Technologies seeks to effectively prevent unauthorized administration of a drug or medicinal substance by hypodermic needle. Medisafe's patented technology is a medical assembly with a locking mechanism that is intended to ensure the substance cannot be released from the hypodermic needle without positive pre-matching between the substance and its intended patient.
Forward-Looking Statements
This letter contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of Medisafe 1 Technologies Corp., and its technologies. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release, as actual results may differ materially from those indicated. Medisafe 1 Technologies Corp. public filings may be viewed at http://www.sec.gov.
Contact:
Jacob Elhadad CEO +972-524440000 Jacob.elhadad10@gmail.com
COUNSELOR SEVERAL SHIFTS AVAILABLE
A 10% special dividend is enough to jump in for most,cash rich company`s will always be the best keepers.
The special dividends should pick up in numbers as we get near the end of the year (IMO)
BSET
BASSETT, Va. (AP) - Bassett Furniture Industries Inc. on Wednesday declared a special dividend of $1.25, its second special dividend this year.
Following the announcement, the furniture maker's stock jumped 80 cents, or 7.4 percent, to $11.47 in morning trading.
Bassett said the dividend will be paid on Oct. 26 to shareholders of record on Oct. 12.
The waiting is what sucks,I need a drink !
Web service company AOL Inc. (AOL:Quote) said Monday it has entered into a $600 million fixed-dollar collared accelerated stock repurchase agreement with Barclays Bank plc (BCS:Quote, BARC.L) and authorized a $5.15 per share special cash dividend.
The moves are part of the company's final steps in returning about $1.1 billion to its shareholders in 2012. After the sale in April of its more than 800 patents to Microsoft Corp. (MSFT) in a $1.056 billion cash deal, AOL is in the process of returning 100 percent of the cash to shareholders.
Further, AOL said it has entered into a tax asset protection plan to protect its valuable tax assets.
Artie Minson, AOL Chief Operating Officer and Acting Chief Financial Officer, said, "Since becoming a public company in December 2009, we have demonstrated an ability to both unlock and prudently manage our valuable asset portfolio, including our tax assets. Today we have done both again, outlining a clear path to returning $1.1 billion in cash to shareholders, while putting in place a necessary mechanism to ensure the preservation of our valuable tax assets."
Under the ASR deal, AOL will buy back $600 million worth of common stock by utilizing the previously approved share repurchase authorization and an incremental $10 million authorized by the company on August 26.
AOL will pay the $600 million at the beginning of the ASR agreement and expects to receive shares throughout the remainder of the year and a substantial majority of the shares underlying the transaction before year-end. This includes about 4 million shares that Barclays will deliver to AOL on August 30.
The company also authorized a special, one-time, cash dividend of $5.15 per share, payable on December 14, 2012 to shareholders of record at the close of business on December 5, 2012.
AOL noted that the tax asset protection plan will enable it to preserve its large domestic tax attributes that could be significantly impaired in the event a change of control is triggered under Section 382 of the Internal Revenue Code of 1986, as amended.
According to the company, the tax asset protection plan will act as a deterrent to any individual, individual fund or family of funds with common dispositive power acquiring 4.9 percent or more of the company's outstanding shares without the approval of the board of directors.
AOL closed Friday's regular session at $32.92. In Monday's pre-market, the stock is adding $1.58 or 4.80 percent to $32.92.
$10 dividend Fisher Declares Special Dividend, Plans Quarterly Dividend From Q4; Shares Rise
(RTTNews.com) - Integrated media company Fisher Communications Inc. (FSCI) announced Monday that its board has declared a special cash dividend of $10 per share following the sale of Fisher Plaza. The board also approved a dividend policy intending to pay a quarterly cash dividend beginning in the fourth quarter of 2012 as a measure to return value to its shareholders. The shares rose about 7 percent in the morning trade.
The special cash dividend, to shareholders of record on September 28, is payable on October 19. The company expects the initial quarterly dividend rate to be $0.15 per share. Fisher noted that the special dividend totaling about $89 million, will be funded from its existing cash and short- and long-term investments. The company said it expects the special cash dividend to be taxable to shareholders.
Paul Bible, chairman of the board of directors stated, "The special dividend is an opportunity to efficiently return capital to all of our investors following the sale of Fisher Plaza. The quarterly dividend policy reflects our confidence that the successful execution of our strategic plan will continue to generate the strong cash flows that will enable us to invest in the business while returning excess cash to our shareholders."
Warner Chilcott Board Declares Special Dividend
(RTTNews.com) - Warner Chilcott plc (WCRX), a specialty pharmaceutical company, announced it has completed an amendment to its existing senior secured credit facilities, pursuant to which it has incurred an additional $600 million aggregate principal amount of new term loans. As a result of closing the amendment and the related borrowings, Warner Chilcott's board declared a special cash dividend of $4.00 per share.
The new term loan facilities are comprised of a $300 million Term Loan B-4/5 bearing interest at LIBOR plus 3.00% with a five-year maturity, and a $300 million Additional Term Loan B-1 bearing interest at LIBOR plus 3.25% with a LIBOR floor of 1.00% and maturing on March 15, 2018.
The company will use the proceeds from the new term loans and cash on hand to fund the special cash dividend to its shareholders of $4.00 per share, or approximately $1.0 billion in the aggregate, and to pay related fees and expenses.
The special cash dividend will be paid on September 10, 2012 to shareholders of record on August 31
H&E Equipment Services Declares One-time Special Cash Dividend Of $7.00/shr
(RTTNews.com) - H&E Equipment Services Inc. (HEES) announced that its board declared a one-time special cash dividend of $7.00 per share, payable on September 19, 2012 to stockholders of record at the close of business on September 5, 2012. The aggregate amount of the payment to be made in connection with the Dividend will be approximately $246 million.
H&E Equipment said that the Dividend will be funded by the proceeds of the company's offering of $530 million aggregate principal amount of 7% senior notes due 2022, which closed on August 20, 2012.
At $7 per share, the Dividend represents approximately 39.8% of the Company's opening stock price on August 20, 2012.
Changyou.com Announces US$3.8 Special Cash Dividend per American Depositary Share
BEIJING, Aug. 6, 2012 /PRNewswire via COMTEX/ -- Changyou.com Limited ("Changyou" or the "Company") CYOU +15.18% , a leading online game developer and operator in China, today announced that its board of directors declared a special one-time cash dividend of US$1.9 per Class A or Class B ordinary share, or US$3.8 per American Depositary Share ("ADS"). The total amount of the special cash dividend is approximately US$201 million.
Record holders of the Company's Class A and Class B ordinary shares at the close of business U.S. Eastern Time on August 17, 2012 (the "Record Date") will be entitled to receive the special cash dividend. Holders of the Company's ADSs, each representing two Class A ordinary shares, as of the Record Date will be entitled to the special cash dividend. Changyou expects, Bank of New York Mellon, depositary bank for Changyou's ADR program, to pay out dividends to ADS holders on or before September 30, 2012. The actual distribution date may change. The Company will issue another press release in the event that there is any significant change in the scheduled distribution date.
Mr. Tao Wang, chief executive officer of Changyou commented, "Our business is growing as our online games continue its popularity in China and we continue to generate strong free cash flows from operations each quarter. As we have accumulated a sizable cash reserve since our initial public offering, we are happy to announce this special cash dividend in an effort to return value to shareholders. Our strong balance sheet and robust free cash flows will allow us to keep investing in our businesses to strengthen our position as a leading game developer and operator in China and capture arising opportunities in the global online games market. We are confident in our long-term growth potential and ongoing ability to further increase shareholder value."
Genpact Reports Results for the Second Quarter of 2012; Announces Special Dividend of $2.24 Per Share
--Second Quarter Revenues of $467.6 Million, Up 18% --Adjusted Income from Operations of $77.8 Million, Up 19% --Net Income of $61.1 Million, Up 57%
NEW YORK, Aug. 1, 2012 /PRNewswire via COMTEX/ -- Genpact Limited G -1.55% , a global leader in business process management and technology services, today announced financial results for the second quarter ended June 30, 2012. Genpact also announced that it expects to pay a special cash dividend to all shareholders of $2.24 per common share, or approximately $500 million in total.
Key Financial Results - Second Quarter 2012
Revenues were $467.6 million, up 17.6% from $397.6 million in the second quarter of 2011, primarily driven by growth in revenues from Global Clients. Business process management and technology services revenues from Global Clients were up 19.8% and 38.4% respectively.
Net income attributable to Genpact Limited shareholders was $61.1 million, up 56.6% from $39.0 million in the second quarter of 2011; net income margin for the second quarter of 2012 was 13.1%, up from 9.8% in the second quarter of 2011.
Diluted earnings per common share were $0.27, up 55.4% from $0.17 in the second quarter of 2011.
Adjusted income from operations was $77.8 million, up 19.2% from $65.3 million in the second quarter of 2011.
Adjusted income from operations margin was 16.6%, up from 16.4% in the second quarter of 2011.
Adjusted diluted earnings per share were $0.32, up 46.0% from $0.22 in the second quarter of 2011.
N.V. "Tiger" Tyagarajan, Genpact's president and CEO said,
"Genpact had another great quarter, with strong growth in revenues, adjusted operating income, net income and EPS. In addition to the 17.6% year-over-year revenue growth, our revenues grew 7.4% sequentially. Revenue growth was broad based across all our geographies, including Europe, and all major service lines including finance and accounting. We established 35 new client relationships this quarter across all major industry groups, up from 26 in the second quarter of 2011. Our results continue the momentum we have had since the beginning of 2011."
Revenues from Global Clients grew 24.0% over the second quarter of 2011. Revenues from Global Clients now represent approximately 73.0% of Genpact's total revenues, with the remaining 27.0% of revenues, or $126.2 million, coming from GE. GE revenues increased 3.2% from the second quarter of 2011, adjusted for dispositions by GE.
As of June 30, 2012, 62 client relationships each contributed revenues of $5 million or more in the preceding twelve months, up from 56 such relationships as of June 30, 2011. As of June 30, 2012, ten client relationships each contributed revenues of $25 million or more in the preceding twelve months, up from eight such client relationships as of June 30, 2011.
Approximately 76.0% of Genpact's revenues for the quarter came from business process management services, compared to 78.1% for the second quarter of 2011. Revenues from IT services were approximately 24.0% of total revenues for the second quarter of 2012, up from 21.9% for the second quarter of 2011.
Genpact generated $127.2 million of cash from operations in the second quarter of 2012, up from $60.9 million in the second quarter of 2011. Genpact had approximately $441.6 million in cash and cash equivalents and short term deposits as of June 30, 2012.
Year-to-Date Results
Revenues were $903.1 million, up 24.0% from $728.2 million for the six months ended June 30, 2011.
Net income attributable to Genpact Limited shareholders was $99.6 million, up 32.6% from $75.1 million for the six months ended June 30, 2011; net income margin was 11.0%, up from 10.3% for the six months ended June 30, 2011.
Diluted earnings per common share were $0.44, up 31.6% from $0.33 for the six months ended June 30, 2011.
Adjusted income from operations was $149.4 million, up 28.2% from $116.5 million for the six months ended June 30, 2011.
Adjusted income from operations margin was 16.5%, up from 16.0% for the six months ended June 30, 2011.
Adjusted diluted earnings per share were $0.53, up 32.1% from $0.40 for the six months ended June 30, 2011.
Genpact's employee attrition rate for the six months ended June 30, 2012 was 24%, measured from day one of employment, down from 29% for the same period in 2011. Annualized revenue per employee for the six months ended June 30, 2012, was $33,400, compared to $34,500 for the six months ended June 30, 2011.
Special Dividend Announced
Genpact expects to pay a special cash dividend to all shareholders of $2.24 per common share, or approximately $500 million in the aggregate. The dividend will be funded through a combination of balance sheet cash and incremental debt expected to be raised from institutional lenders. Genpact expects to establish and announce the record date, ex-dividend date and payment date for the special dividend during August and to pay the dividend by the end of the third quarter. Declaration and payment of the dividend is subject to the receipt of financing by Genpact on satisfactory terms.
Frisch's Restaurants, Inc. Declares Special Dividend of $9.50 per share
By Frisch's Restaurants, Inc.
Published: Monday, Jul. 30, 2012 - 6:12 am
CINCINNATI, July 30, 2012 -- /PRNewswire/ -- Frisch's Restaurants, Inc. (NYSE MKT: FRS), announced today that the Board of Directors declared a special one-time dividend of $9.50 per share payable on September 14, 2012, to shareholders of record at the close of business on August 31, 2012. The total amount of the special dividend payment will be approximately $46.9 million based on the present number of shares outstanding and is expected to be funded from the Company's excess cash on hand. After payment of the special dividend, the Company expects to have sufficient cash and borrowing capacity to execute its strategy of growing its Big Boy concept including new stores, existing store renovations, ongoing investments in the productivity of its food production facilities and its recently announced share repurchase program.
Read more here: http://www.sacbee.com/2012/07/30/4673932/frischs-restaurants-inc-declares.html#storylink=cpy
Frisch's Restaurants, Inc. Declares Special Dividend of $9.50 per share
By Frisch's Restaurants, Inc.
Published: Monday, Jul. 30, 2012 - 6:12 am
CINCINNATI, July 30, 2012 -- /PRNewswire/ -- Frisch's Restaurants, Inc. (NYSE MKT: FRS), announced today that the Board of Directors declared a special one-time dividend of $9.50 per share payable on September 14, 2012, to shareholders of record at the close of business on August 31, 2012. The total amount of the special dividend payment will be approximately $46.9 million based on the present number of shares outstanding and is expected to be funded from the Company's excess cash on hand. After payment of the special dividend, the Company expects to have sufficient cash and borrowing capacity to execute its strategy of growing its Big Boy concept including new stores, existing store renovations, ongoing investments in the productivity of its food production facilities and its recently announced share repurchase program.
Read more here: http://www.sacbee.com/2012/07/30/4673932/frischs-restaurants-inc-declares.html#storylink=cpy
Choice Hotels Announces Special Cash Dividend
SILVER SPRING, Md., July 26, 2012 /PRNewswire via COMTEX/ -- Choice Hotels International, Inc. CHH +0.93% (the "Company") announced today that the Company's Board of Directors has declared a special cash dividend in the amount of $10.41 per share, resulting in an aggregate payment amount of approximately $600 million. The record date for the special cash dividend is August 20, 2012 and the special cash dividend will be paid on August 23, 2012. The Company has been informed by the New York Stock Exchange that, in accordance with its rules, the ex-dividend date is expected to be August 24, 2012. Accordingly, stockholders who sell their shares on or before the payment date will not be entitled to receive the special cash dividend. The special cash dividend is being paid with the proceeds from the Company's recent offering of 5.750% senior notes and from its new senior secured credit facility.
I will take the blunt truth anyday over the used carlot spin.Thanks for the post.
Has anyone unearthed how much canada cash is going to battery R&D ?
It`s your call ,sell or hold.Most stocks recover in price after payout.
Maybe some other board members can add to my statement.(got to run now)get stuff done.
Booz Allen Hamilton (BAH: 17.04, +2.16, +14.52%) beat the Street on Wednesday by revealing surging fiscal fourth-quarter earnings, prompting the consulting company to unveil a special cash dividend.
Shares of the McLean, Va.-based company soared about 13% on the bullish report as well as an upbeat outlook and the dividend plans.
Booz Allen said it earned $50.6 million, or 36 cents a share, last quarter, compared with a profit of $18.1 million, or 13 cents a share, a year earlier. Excluding one-time items, it earned 44 cents a share, topping estimates for 41 cents.
The company, which relies on government consulting work for much of its business, said revenue grew by 3.2% to $1.54 billion. Analysts had been calling for revenue of $1.55 billion.
Booz Allen said its operating margin expanded to 6.3% from 5.6%. Its total backlog at the end of the fiscal year stood at $10.8 billion, compared with $10.92 billion the year earlier.
“We continued to grow revenue organically in all of our major government markets -- defense, intelligence, and civil -- and we expanded our commercial and international business this year,” CEO Ralph Shrader said in a statement.
Inspired by the results, Booz Allen announced plans to pay a special cash dividend of $1.50 a share. This dividend is payable on June 29 to shareholders of record as of June 11.
Read more: http://www.foxbusiness.com/industries/2012/05/30/booz-allen-top-views-in-q4-reveals-special-dividend/#ixzz1wMgGOLDf
It drops the dividend amount on exdividend day,without looking at this pick I can say if you like the company keep it .When is ex day for the dividend?
MAYWOOD, NJ, May 29, 2012 (MARKETWIRE via COMTEX) -- Jaclyn, Inc. (otcqx:JCLY) (pinksheets:JCLY) today reported financial results for the fiscal year ending February 29, 2012.
Net sales for the fiscal year ended February 29, 2012 were $195,927,000 compared to $196,020,000 in the prior fiscal year. The Company had net earnings of $2,954,000 or $1.21 per diluted share, which includes an after-tax gain on the sale of the Company's former headquarters and warehouse facility and one of two remaining lots in West New York, New Jersey, totaling $2,208,000, or $.90 per diluted share. This compares to $1,940,000, or $.80 per diluted share, in the prior fiscal year ended February 28, 2011.
In addition, the Company announced today that its Board of Directors declared a one-time, special cash dividend of $1.25 per share, payable on June 22, 2012 to holders of record of the Company's common stock, $1.00 par value per share, at the close of business on June 11, 2012.
"plain english" is the one thing in short supply (LOL) The good thing that special dividends are taxed at the same rate.With tax cuts expiring at the end of the year the low dividend rate will go up and I expect a lot of special dividend payouts before the end of the year.They could be big money (IMO)
I have no best sight to link to for plain english dividend rules.
I recommend checking the top sticky post link daily for the best chance for dividend news.
Thanks for this DD,it could explain why miners are not stepping forward to bankroll startup.(this is stinking more and more)
Time to buy again ?
I would bet against any production by the end of 2014,larry`s estimate for startup.
Good call,your bailing out was the right move and today it hit the fan.Over hyped lowballed startup cost numbers killed it (IMO)
WOW what a market dump on the news !!
Thanks,some real meat to chew. It looks like big bucks needed (IMO)
Evolving Systems Declares Special Dividend of $1.70 per Share
ENGLEWOOD, CO, May 08, 2012 (MARKETWIRE via COMTEX) -- Evolving Systems, Inc. EVOL , a leading provider of software solutions and services to the wireless, wireline and IP carrier market, today announced it will distribute approximately $19.3 million in cash to stockholders in the form of a $1.70 per share, one-time special dividend. The special dividend will be payable on May 29, 2012. If a stockholder sells their shares before May 30, 2012, the stockholder will have to relinquish the dividend to the buyer.
"This will be our second special dividend paid in 2012, underscoring the Board of Directors' commitment to return value to stockholders," said Thad Dupper, Chairman and CEO. "Our two special dividends, combined with regular quarterly dividends we began paying in 2010, bring the total cash returned to stockholders to $4.05 per share, or over $45.0 million. At the same time we continue to invest in product development and other growth initiatives and maintain a strong, debt-free balance sheet."
As of the first quarter ended March 31, 2012, Evolving Systems had cash and cash equivalents combined with long-term investments in marketable debt securities that totaled $31.0 million.
Evolving Systems encourages stockholders to contact their brokers in order to understand the Nasdaq rules and regulations regarding the effect of selling shares of Evolving Systems common stock on their eligibility to receive the dividend.
28% special dividend,stock trades at $1.08
MRV Communications to Issue Second Special Dividend
CHATSWORTH, Calif., May 02, 2012 (BUSINESS WIRE) -- MRV Communications, Inc. (otcqb:MRVC) ("MRV" or the "Company") announced today that its Board of Directors has declared a special dividend of $0.30 per share payable on May 25, 2012 to stockholders of record as of May 16, 2012.
This dividend is part of the Company's ongoing effort to maximize the return to our stockholders. In addition to closing the sale of CES Creative Electronics Systems SA on March 29, 2012, the Company entered into an insurance policy on April 26, 2012 which insures the risk associated with the Company's indemnification obligations on certain sale transactions into which the Company had previously entered. By insuring these contingent liabilities, the Company has freed up additional capital for this distribution. The aggregate cash distribution to stockholders and option holders is expected to be approximately $48.6 million. The Company had total cash and cash equivalents of $96.3 million as of March 31, 2012, and will continue to have sufficient capital to continue to invest in and support its businesses.
Additionally, to ensure MRV option and restricted stock holders are not adversely impacted by the dividend, the Board has approved a staggered cash payment to option holders equal to the loss in fair value of their options attributable to the dividend and approved a full dividend payment to restricted stockholders along with other stockholders. The first installment of the cash payment to option holders will be paid out promptly following the payment of the special dividend with a final installment (contingent upon continuous service to MRV) to be paid out twelve months later.
Aware, Inc. Declares Special Cash Dividend of $1.15 Per Share, or Approximately $24 Million in Total
BEDFORD, Mass., April 27, 2012 /PRNewswire via COMTEX/ -- Aware, Inc. AWRE +57.75% , a leading supplier of biometrics software and DSL service assurance products, today announced that its Board of Directors has declared a special cash dividend of $1.15 per share, or approximately $24 million in total. The special dividend will be paid on May 25, 2012 to shareholders of record as of May 11, 2012.
The Board of Directors has determined that the company's current cash balances exceed our capital requirements and has decided to return cash to shareholders.
The tax treatment of the special cash dividend will depend on the amount of the company's current and accumulated earnings and profits as of December 31, 2012, as determined by the Internal Revenue Code. Therefore, the company is unable to determine how the special cash dividend will be treated under U.S. tax law at this time.
We encourage shareholders to contact their brokers in order to understand the Nasdaq Rules and Regulations regarding the effect of selling shares of our common stock following the record date on their eligibility to receive the dividend.
Ridley Inc. Reports Financial Results for Fiscal 2012 Third Quarter
MANKATO, MINNESOTA AND WINNIPEG, MANITOBA, Apr 25, 2012 (MARKETWIRE via COMTEX) -- Ridley Inc. CA:RCL +1.88% today reported its financial results for the three and nine months ended March 31, 2012. All currency amounts are stated in U.S. dollars unless otherwise noted.
For the three months ended March 31, 2012, Ridley's earnings before interest, taxes, depreciation, amortization, and exceptions (EBITDA (i)) were $10.2 million compared to $7.4 million last year. Net profit after income taxes (NPAT) was $4.0 million (30 cents per share) compared to $3.4 million (27 cents per share) last year.
Ridley also reported today that it has declared a special cash dividend on its common stock of CAD $2.00 per share payable on May 18, 2012 to shareholders of record on May 7, 2012. The special dividend of approximately CAD $25.6 million is not indicative of any intention at the present time to initiate a regular dividend payment to shareholders.
Ridley's tonnage volumes in the third quarter of fiscal 2012 were even with the same period last year reflecting a continuation of generally favourable economic conditions for livestock and poultry producers despite unseasonably mild weather this year. The Company continues to grow in volumes of higher value-added feed supplements and premixes while volumes of complete feeds have decreased. Because of rising feed ingredient prices, sales revenues increased in the third quarter over last year by $13.1 million to $167.3 million. Gross profits increased by 12.5% in the quarter to $22.2 million on increased volumes and higher unit margins from an improved product mix and rising commodity markets. However, feed ingredient prices remain volatile and there is no certainty that the improvement in unit margins attributable to market trends in the third quarter will extend to future periods.
In the third quarter of fiscal 2012, Ridley discontinued operations at its feed manufacturing facilities in Bushnell, Illinois and Castleton, Indiana. The decision to close these facilities was made after a determination that their feed products could be manufactured more efficiently at Ridley's other facilities in the Midwest. Ridley recorded $2.0 million in charges in the third quarter for asset impairments, loss on sale of facilities, severance and other restructuring costs related to these closures.
Net earnings before exceptions in the third quarter of fiscal 2012 were $5.3 million compared to $3.4 million in the same period last year. Volume growth and an improved product mix enabled U.S. Feed Operations to report improved operating income before exceptions of $2.4 million in the third quarter. Ridley Block Operations achieved a $1.0 million increase in operating income also on volume growth that more than offset unfavourable weather conditions this winter. Ridley Feed Ingredients' operating income of $1.0 million in the quarter was even with last year. An increase of $0.4 million in operating income from Canadian Feed Operations reflects improvements in unit margins and lower operating expenses in a difficult market environment where complete feed volumes have declined.