Estimated reading time: 0 minutes, 51 seconds

EXACT PUMPS UP DIVIDEND

Exact logoDividend news generally isn’t something I’d cover. But since Exact hasn’t been the strongest company around, the fact that it has increased its dividend by so much is an interesting corporate choice. The company pushed the final dividend up by 63 percent from the amount it had originally announced.

The final dividend is about $2.12 per share and the dividend for 2010 is about $2.85 after the company decided to toss in an extra 80 cents per share in a one-time dividend. In 2005, Exact adopted a policy that it would pay out 100 percent of net income in years in which there was no material acquisition and 2010 was such a year. In explaining the extra payout, the company statement noted that, “Exact has some excess cash and the Board of Managing Directors does not foresee to require this cash in the normal course of operations.” Okay. This is a company whose CEO Martijn Janmaat, who is serving only for a year, says has aging products and had no plan for developing them for the future.

Read 1260 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.