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Issuer Direct Corporation Declares Quarterly Dividend of $0.03 per Share and a Special Cash Dividend of $0.02
By: Marketwired .
Dec. 3, 2012 11:13 AM
MORRISVILLE, NC -- (Marketwire) -- 12/03/12 -- Issuer Direct Corporation (OTCBB: ISDR), a market leader and innovator of disclosure management solutions and cloud-based compliance technologies, today announced that its Board of Directors has declared its anticipated fourth quarter cash dividend of $0.03 per share, as well as a special one-time $0.02 cash dividend. Both cash dividends, totaling $0.05 per share, will be paid in combination on December 27, 2012 to shareholders of record at the close of business on December 17, 2012.
The quarterly dividend of $0.03 ($0.12 annually) provides an annualized current yield of 3.21% to shareholders, based upon ISDR's closing stock price of $3.74 per share on Friday, November 30, 2012.
Both the quarterly dividend and special dividend will be funded from cash on hand. Any future cash dividends and the record dates for such dividends must be approved by the Company's Board of Directors and announced by the Company. Payment of future dividends is at the discretion of the Board of Directors and will depend upon revenue, earnings, cash flow from operations, the overall outlook for the Company's business, cash balances and alternative uses for cash resources
About Issuer Direct Corporation:
Issuer Direct Corporation ("IDC") is a market leader and innovator of disclosure management solutions and cloud-based compliance technologies. With a focus on corporate issuers, the Company alleviates the complexity of maintaining compliance with its integrated portfolio of products and services that enhance companies' ability to efficiently produce and distribute their financial and business communications both online and in print.
The Issuer Direct logo is available here.
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