RF Industries, a maker and distributor of radio frequency connectors and cable assemblies, said its board of directors declared a regular quarterly cash dividend of 5 cents and accelerated part of its 2013 dividend in this quarter.
Accordingly, RFI will pay a 10 cent per common share dividend on Dec. 28 to shareholders of record on Dec. 17. RFI has about 6.9 million shares outstanding.
CEO Howard Hill said the company is taking the action in light of the uncertainties to the upcoming 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,” Hill said.
— SDBJ Staff Report