Press release
Nov. 9, 2011, 4:05 p.m. EST
OPNET Announces Special Dividend Set at $0.85 Per Share
BETHESDA, Md., Nov 9, 2011 (GlobeNewswire via COMTEX) -- OPNET Technologies, Inc. OPNT -9.61% , a leading provider of solutions for application and network performance management, today announced that its Board of Directors has approved a one-time special dividend in the amount of $0.85 per share, which will be paid on December 15, 2011 to stockholders of record at the close of business on December 1, 2011.
Marc A. Cohen, OPNET's Chairman and CEO, stated, "The decision to pay a special dividend reflects our history of generating cash from operations, our strong balance sheet, and our confidence in our long-term growth prospects. This payout will not affect our long-standing commitment to invest in innovation, and is not expected to alter our previously announced plan to issue a quarterly dividend."
The declaration of cash dividends in the future, as well as the amount of any such dividend, is subject to final determination each quarter by the Board of Directors based on a number of factors, including the Company's future financial performance and its available cash resources, its cash requirements, and its requirements for alternative uses of cash.
About OPNET Technologies, Inc.
Founded in 1986, OPNET Technologies, Inc. OPNT -9.61% is a leading provider of solutions for application and network performance management. For more information about OPNET and its products, visit www.opnet.com .
OPNET and OPNET Technologies, Inc. are trademarks of OPNET Technologies, Inc. All other trademarks are the property of their respective owners.
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