NEW YORK (TheStreet) -- Shares of Aware Inc. (AWRE) are up 12.7% to $6.40 after it announced its board declared a special cash dividend of $1.75 per share, or approximately $40 million in total.
The special cash dividend will be paid on July 24 to shareholders of record as of July 10.
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Separately, TheStreet Ratings team rates AWARE INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate AWARE INC (AWRE) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share."