insane dividends

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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.