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RF Industries (NASDAQ:RFIL) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.05 per common share. RFI currently has approximately 7,100,000 common shares outstanding.
Cash dividends will be payable January 16, 2012 to shareholders of record on December 30, 2011.
"We anticipate reporting record sales for the fourth quarter and fiscal year ending October 31, 2011. RFI's Board of Directors will continue to monitor the Company's financial performance and review the dividend, bearing in mind the best interests of our shareholders," said Howard Hill, CEO of RF Industries.
About RF Industries
RFI manufactures, designs and distributes Radio Frequency (RF) connectors and cable assemblies, medical cabling products, RF wireless products, and fiber optic cable products.
Coaxial connectors, cable assemblies and custom microwave RF connectors are used for Wi-Fi, PCS, radio, test instruments,
computer networks, antenna devices, aerospace, OEM and Government agencies.
Medical Cabling and Interconnector products are specialized custom electrical cabling products for the medical equipment monitoring market.
RF Wireless products include digital data transceivers for industrial monitoring, wide area networks, GPS tracking and
mobile wireless network solutions.
Fiber optic cable, connector and harness products serve computer, aerospace, computer networking and specialty applications.
Forward-Looking StatementsThis press release may contain forward-looking statements. These forward-looking statements are subject to a number of factors that could cause actual results to differ materially. The Company's declaration of a dividend does not commit the board of directors to declare future dividends. Each future dividend will be considered and declared by the board of directors in its discretion. The ability of the board of directors to continue to declare dividends will depend on a number of factors, including the Company's future financial condition and profitability.