SANTA CLARA, Calif.
Dec. 10, 2012
/PRNewswire/ -- Coherent, Inc. (NASDAQ: COHR), announced today that the company's Board of Directors has approved a
per share special cash dividend on its outstanding common stock payable on
December 27, 2012
to stockholders of record on
December 19, 2012
"Given the unique uncertainty surrounding future tax rates, we elected to return money to our stockholders by way of a special one-time dividend. This dividend does not compromise either our strategic goals or strong balance sheet and does not impact our previously announced
share repurchase authorization," said
, President and CEO.
Founded in 1966, Coherent, Inc. is a world leader in providing photonics based solutions to the commercial and scientific research markets and part of the Standard & Poor's SmallCap 600 Index and the Russell 2000 Index. For more information about Coherent, visit the company's website at
for product and financial updates.
5100 Patrick Henry Dr. - P. O. Box 54980, Santa Clara, California 95056–0980 - Telephone (408) 764-4000
SOURCE Coherent, Inc.