Thread,
A little bit of good news out of NTAIF, plus a fairly strong statement by the chairman.
MikeM(From Florida)
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Tai Electronics, Inc. Raises Annual Dividend to $0.32 from $0.28 - Dividends of $0.08 to be Paid Quarterly
VANCOUVER, British Columbia, Feb. 16 -- Nam Tai Electronics, Inc. today announced that for the sixth consecutive year it is increasing its dividend. The annual dividend will increase to $0.32 per share for 1999 compared to $0.28 per share for 1998. The Company will pay dividends on a quarterly basis, commencing with the first quarter 1999 dividend of $0.08 per share to be paid on or before April 16, 1999 to all shareholders of record at the close of business on March 31, 1999.
"We are confident that Nam Tai's results will rebound strongly in 1999 and the increase in the dividend is intended to show our confidence in this positive outlook, especially for the second half of the year" announced Mr. Tadao Murakami Chairman. "The Company's strong operating cash flow in 1998 of $20.3 million, or 20% of sales, allows the Company to reward our shareholders by increasing the 1999 quarterly dividend to $0.08 per share. |
