Effective August 10, 2011 Automodular will be resuming the payment of regular quarterly dividends at a rate of $0.05 per share. Automodular will also pay special dividends from time to time if cash surpluses grow beyond reasonably forecast needs.
At its January 19, 2012 board meeting, the Board of Directors increased the regular quarterly dividend to $0.06 per common share.
The Board of Directors reviews the payment of dividends on a quarterly basis in conjunction with its review of the Company’s quarterly financial results. Any and all dividends are declared at the discretion of the Board of Directors.