This Day On The Street
Continue to site
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

RF Industries Will Accelerate A Portion Of Anticipated 2013 Dividend Payments Into Calendar 2012

RF Industries (NASDAQ:RFIL) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.05 per common share and has decided to accelerate a portion of its anticipated calendar 2013 common stock dividend payments into calendar 2012. Accordingly, RFI will pay a $0.10 per common share dividend on December 28, 2012 to shareholders of record on December 17, 2012. RFI has approximately 6.9 million shares outstanding.

"In light of tax uncertainties related to the upcoming calendar year, the Board of Directors believes that RFI's shareholders will benefit from moving forward the payment of a portion of those dividends, which might otherwise be paid in 2013, into the current calendar year. We are confident that the strength of our business supports this payment and the Company remains fully committed to enhancing shareholder returns. The Board will continue to review and determine RFI's future dividend payout rate in light of the Company's business prospects, cash flow and opportunities for increasing shareholder value," said Howard Hill, RF Industries' Chief Executive Officer.

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 Statements

This 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 or a special one-time dividend does not commit the board of directors to declare future dividends or special 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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
SYM TRADE IT LAST %CHG

Markets

DOW 17,635.20 -48.38 -0.27%
S&P 500 2,067.13 -1.63 -0.08%
NASDAQ 4,963.2190 -28.7210 -0.58%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs