logo
  Join        Login             Stock Quote

Bolt Technology Announces Special Cash Dividend and Quarterly Dividend

Tuesday, November 20, 2012 12:01 PM


NORWALK, Conn., Nov. 20, 2012 (GLOBE NEWSWIRE) -- Bolt Technology Corporation (Nasdaq:BOLT) announced today that its Board of Directors has declared a special cash dividend of $0.50 per common share and a quarterly dividend of $0.07 per common share. Both dividends are payable on December 18, 2012 to shareholders of record on December 4, 2012.

Commenting on the dividends, Raymond M. Soto, Chairman and CEO, said, "The Board's decision to declare the special cash dividend and the quarterly dividend reflect our strong financial position and our commitment to delivering shareholder value. After payment of these dividends, our cash levels and capitalization will remain strong and continue to provide the financial resources both to support our operations and allow us to pursue strategic opportunities to further enhance our shareholder value. Also, by paying these dividends in calendar year 2012 our shareholders can take advantage of current dividend tax rates which may increase in 2013."

About Bolt Technology Corporation

Bolt Technology Corporation is a leading worldwide developer and manufacturer of marine seismic data acquisition equipment used for offshore oil and natural gas exploration. Bolt, through its SeaBotix Inc. subsidiary, is also a developer and manufacturer of remotely operated robotic vehicles systems used for a variety of underwater tasks.

CONTACT: Raymond M. Soto
         Chairman and CEO
         (203) 853-0700

(Source: PrimeZone )
(Source: Quotemedia)

Advertisement
Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.