RF Industries Will Accelerate a Portion of Anticipated 2013 Dividend Payments into Calendar 2012

RF Industries Will Accelerate a Portion of Anticipated 2013 Dividend Payments into Calendar 2012

Company Will Pay a Dividend of $0.10 per Common Share to Shareholders


SAN DIEGO--(BUSINESS WIRE)-- RF Industries (Nasdaq: RFIL) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.05 per common share and has decided to accelerate a portion of its anticipated calendar 2013 common stock dividend payments into calendar 2012. Accordingly, RFI will pay a $0.10 per common share dividend on December 28, 2012 to shareholders of record on December 17, 2012. RFI has approximately 6.9 million shares outstanding.

"In light of tax uncertainties related to the upcoming calendar year, the Board of Directors believes that RFI's shareholders will benefit from moving forward the payment of a portion of those dividends, which might otherwise be paid in 2013, into the current 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," said Howard Hill, RF Industries' Chief Executive Officer.

About RF Industries

RFI manufactures, designs and distributes Radio Frequency (RF) connectors and cable assemblies, medical cabling products, RF wireless products, and fiber optic cable products. Coaxial connectors, cable assemblies and custom microwave RF connectors are used for Wi-Fi, PCS, radio, test instruments, computer networks, antenna devices, aerospace, OEM and Government agencies. Medical Cabling and Interconnector products are specialized custom electrical cabling products for the medical equipment monitoring market. RF Wireless products include digital data transceivers for industrial monitoring, wide area networks, GPS tracking and mobile wireless network solutions. Fiber optic cable, connector and harness products serve computer, aerospace, computer networking and specialty applications.

Forward-Looking Statements

This press release may contain forward-looking statements. These forward-looking statements are subject to a number of factors that could cause actual results to differ materially. The Company's declaration of a dividend or a special one-time dividend does not commit the board of directors to declare future dividends or special dividends. Each future dividend will be considered and declared by the board of directors in its discretion. The ability of the board of directors to continue to declare dividends will depend on a number of factors, including the Company's future financial condition and profitability.



Investor Contact:
Jacobs Consulting
Robert Jacobs
(310) 477-3118
robert.jacobs@jacobscon.com
or
RF Industries, Ltd.
Company Contact:
Howard Hill, CEO
(858) 549-6340
rfi@rfindustries.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article RF Industries Will Accelerate a Portion of Anticipated 2013 Dividend Payments into Calendar 2012 originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Reading a Stock Quote

Learn to read the ingredients of a stock.

View Course »

Understanding Stock Market Indexes

What does it mean when people say "the market is up 2%"?

View Course »

Add a Comment

*0 / 3000 Character Maximum