This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Acorn Energy Introduces Dividend Reinvestment Plan

Stocks in this article: ACFN

WILMINGTON, Del., Aug. 15, 2012 /PRNewswire/ -- Acorn Energy, Inc., (NASDAQ: ACFN), the digital energy company, today announced that it is pleased to begin offering stockholders an opportunity to participate in a Dividend Reinvestment Plan. Acorn will offer up to 600,000 shares of common stock for purchase under the Plan. The Plan provides participants the ability to invest all or a portion of cash dividends on their Acorn shares in additional shares of Acorn common stock.  Initially, Acorn will issue the shares under the Plan directly at a 5% discount from the market price.  As previously announced, the Acorn Board of Directors has approved a dividend of $0.035 per share to be paid on September 4, 2012 to common stockholders of record on August 17, 2012.  Stockholders who wish to reinvest their September 2012 dividends may enroll through August 24, 2012.

Stockholders of record as of the dividend record date will receive the Plan and an enrollment form by mail.  Owners of Acorn common stock who hold their shares in brokerage or other nominee accounts are advised to contact their brokers or other nominees for details of how to participate in the Plan.

The Plan will be administered by Acorn's stock transfer agent, American Stock Transfer & Trust Company, LLC (AST). Stockholders may obtain a copy of the Plan prospectus and enrollment form by contacting AST toll-free at 877-276-7523 or visiting the AST website at www.amstock.com at "Invest Online" under the "Shareholders" tab.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.  The offer is being made solely through the Plan prospectus.  This news release is being issued pursuant to and in accordance with Rule 135 under the Securities Act of 1933, as amended.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs