Bogen Board Declares Cash Dividend
8:41p ET December 9, 2010 (Business Wire)
Today, the Bogen Communications International, Inc. (Pink Sheets: BOGN) ("Bogen"), Board of Directors declared a special cash dividend of $1.00 per common share, payable on December 30th, 2010, to shareholders of record on December 23rd, 2010, subject to completion of bank financing. If bank financing is not completed, some or all of the dividend may not be paid. If paid, it is anticipated that approximately $0.65 to $0.70 of the dividend will qualify as an ordinary dividend and the remainder as return of capital or capital gain depending on shareholder basis. The allocation noted above is subject to change upon completion of the financial statements of the Company. Each shareholder is advised to consult with their tax advisor regarding the tax treatment of this dividend.
Please visit Bogen's website at www.bogen.com for the complete Consolidated Financial Statements as well as additional information about the Company and its products and services.
About Bogen
Bogen Communications International, Inc., based in Ramsey, New Jersey, and Germering, Germany, develops, manufactures, and markets telecommunications peripherals, sound processing equipment, and Unified Messaging products and services. Bogen's products are sold to commercial, industrial, professional, and institutional customers worldwide.
SOURCE: Bogen Communications International, Inc.
Bogen Communications International, Inc.
Maureen A. Flotard, 201-934-8500
CFO and VP-Finance
50 Spring Street, Ramsey, NJ 07446
Why is it called common sense, when it's not common for people to have it.