ROANOKE, Va., April 16, 2013 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC ®" or the "Company") today announced the declaration of a regular quarterly cash dividend to OCC's shareholders.
OCC's Board of Directors declared a cash dividend of $0.02 per share on the Company's common stock effective April 15, 2013. The dividend will be paid on or about May 15, 2013, to shareholders of record on April 29, 2013.
The dividend announced today implies an annual cash dividend of $0.08 per common share.
This dividend is the second quarterly dividend OCC's Board of Directors has declared during fiscal year 2013, after the first quarterly dividend, which would normally have been declared in January 2013, was declared and paid in December 2012.It is anticipated that OCC's next quarterly dividend will be declared in July 2013, consistent with OCC's normal quarterly dividend declaration schedule. Company Information Optical Cable Corporation ("OCC ®") is a leading manufacturer of a broad range of fiber optic and copper data communication cabling and connectivity solutions primarily for the enterprise market, offering an integrated suite of high quality, warranted products which operate as a system solution or seamlessly integrate with other providers' offerings. OCC's product offerings include designs for uses ranging from commercial, enterprise network, datacenter, residential and campus installations to customized products for specialty applications and harsh environments, including military, industrial, mining, petrochemical and broadcast applications. OCC products include fiber optic and copper cabling, fiber optic and copper connectors, specialty fiber optic and copper connectors, fiber optic and copper patch cords, pre-terminated fiber optic and copper cable assemblies, racks, cabinets, datacom enclosures, fiber optic and copper patch panels, face plates, multi-media boxes, wireless distributed antenna systems, fiber optic reels and accessories and other cable and connectivity management accessories. OCC products are designed to meet the most demanding needs of end-users, delivering a high degree of reliability and outstanding performance characteristics. OCC ® is internationally recognized for pioneering the design and production of fiber optic cables for the most demanding military field applications, as well as of fiber optic cables suitable for both indoor and outdoor use, and creating a broad product offering built on the evolution of these fundamental technologies. OCC also is internationally recognized for its role in establishing copper connectivity data communications standards, through its innovative and patented technologies. Founded in 1983, OCC is headquartered in Roanoke, Virginia with offices, manufacturing and warehouse facilities located in each of Roanoke, Virginia, near Asheville, North Carolina, and near Dallas, Texas. OCC primarily manufactures its fiber optic cables at its Roanoke facility which is ISO 9001:2008 registered and MIL-STD-790F certified, its enterprise connectivity products at its Asheville facility which is ISO 9001:2008 registered, and its military and harsh environment connectivity products and systems at its Dallas facility which is ISO 9001:2008 registered and MIL-STD-790F certified. Optical Cable Corporation, OCC, Procyon, Superior Modular Products, SMP Data Communications, Applied Optical Systems, and associated logos are trademarks of Optical Cable Corporation.