San Diego-based RF Industries Ltd.’s board of directors has declared a regular quarterly cash dividend of 7 cents per common share, the company announced.

RF Industries (Nasdaq: RFIL), a maker of cable assemblies and radio frequency connectors, said the dividend is payable Jan. 15, 2014, to stockholders of record on Dec. 31.

RF recently sold its RadioMobile operations to a new spinoff business formed by that division’s management team.

RF Industries closed Dec. 16 at $8.97 per share, giving it a market cap of 70.47 million.

SDBJ Staff Report