Optical Cable Corporation Increases and Accelerates Quarterly Dividend

    Optical Cable Corporation Increases and Accelerates Quarterly Dividend

PR Newswire

ROANOKE, Va., Dec. 6, 2012

ROANOKE, Va., Dec. 6, 2012 /PRNewswire/ --Optical Cable Corporation (Nasdaq
GM: OCC) ("OCC^®" or the "Company") today announced the declaration of a
regular quarterly cash dividend to OCC's shareholders.

OCC's Board of Directors declared a cash dividend of $0.02 per share on the
Company's common stock effective December 6, 2012.The dividend will be paid
on or about December 21, 2012, to shareholders of record on December 17,
2012.

The amount of this quarterly dividend represents an increase of more than 33%,
or $0.005 per share, as compared to the regular quarterly dividends declared
by the Company during fiscal year 2012, and implies an annual cash dividend of
$0.08 per common share.

OCC's Board of Directors decided to accelerate the declaration and payment of
the first quarterly dividend for fiscal year 2013 — which would normally be
declared in January 2013 and paid in February 2013. It is anticipated that
OCC's next quarterly dividend will be declared in April 2013, consistent with
OCC's normal quarterly dividend declaration schedule.

Neil Wilkin, President and Chief Executive Officer of OCC, said, "We are
pleased that OCC's net sales and earnings growth enables us to increase the
return of capital to shareholders. The Board's action demonstrates our
confidence in OCC's strategy and our commitment to creating shareholder
value."

Company Information

Optical Cable Corporation ("OCC^®") is a leading manufacturer of a broad range
of fiber optic and copper data communications cabling and connectivity
solutions primarily for the enterprise market, offering an integrated suite of
high quality, warranted products which operate as a system solution or
seamlessly integrate with other providers' offerings. OCC's product offerings
include designs for uses ranging from commercial, enterprise network,
datacenter, residential and campus installations to customized products for
specialty applications and harsh environments, including military, industrial,
mining and broadcast applications. OCC products include fiber optic and
copper cabling, fiber optic and copper connectors, specialty fiber optic and
copper connectors, fiber optic and copper patch cords, pre-terminated fiber
optic and copper cable assemblies, racks, cabinets, datacom enclosures, patch
panels, face plates, multi-media boxes and other cable and connectivity
management accessories, and are designed to meet the most demanding needs of
end-users, delivering a high degree of reliability and outstanding performance
characteristics.

OCC^® is internationally recognized for pioneering the design and production
of fiber optic cables for the most demanding military field applications, as
well as of fiber optic cables suitable for both indoor and outdoor use, and
creating a broad product offering built on the evolution of these fundamental
technologies. OCC also is internationally recognized for its role in
establishing copper connectivity data communications standards, through its
innovative and patented technologies.

Founded in 1983, OCC is headquartered in Roanoke, Virginia with offices,
manufacturing and warehouse facilities located in each of Roanoke, Virginia,
near Asheville, North Carolina, and near Dallas, Texas. OCC primarily
manufactures its fiber optic cables at its Roanoke facility which is ISO
9001:2008 registered and MIL-STD-790F certified, its enterprise connectivity
products at its Asheville facility which is ISO 9001:2008 registered, and its
military and harsh environment connectivity products and systems at its Dallas
facility which is ISO 9001:2008 registered and MIL-STD-790F certified.

Optical Cable Corporation, OCC, Procyon, Superior Modular Products, SMP Data
Communications, Applied Optical Systems, and associated logos are trademarks
of Optical Cable Corporation.

Further information about OCC^® is available on the Internet at
www.occfiber.com.

FORWARD-LOOKING INFORMATION

This news release by Optical Cable Corporation and its subsidiaries
(collectively, the "Company" or "OCC") may contain certain forward-looking
information within the meaning of the federal securities laws. The
forward-looking information may include, among other information, (i)
statements concerning our outlook for the future, (ii) statements of belief,
anticipation or expectation, (iii) future plans, strategies or anticipated
events, and (iv) similar information and statements concerning matters that
are not historical facts. Such forward-looking information is subject to known
and unknown variables, uncertainties, contingencies and risks that may cause
actual events or results to differ materially from our expectations, and such
known and unknown variables, uncertainties, contingencies and risks may also
adversely affect Optical Cable Corporation and its subsidiaries, the Company's
future results of operations and future financial condition, and/or the future
equity value of the Company. A partial list of such variables, uncertainties,
contingencies and risks that could cause or contribute to such differences
from our expectations or could otherwise adversely affect Optical Cable
Corporation and its subsidiaries is set forth in Optical Cable Corporation's
quarterly and annual reports filed with the Securities and Exchange Commission
("SEC") under the heading "Forward-Looking Information." OCC's quarterly and
annual reports are available to the public on the SEC's website at
http://www.sec.gov. In providing forward-looking information, the Company
expressly disclaims any obligation to update this information, whether as a
result of new information, future events or otherwise except as required by
applicable laws and regulations.

SOURCE Optical Cable Corporation

Website: http://www.occfiber.com
Contact: Neil Wilkin, Chairman, President & CEO, +1-540-265-0690,
investorrelations@occfiber.com, or Tracy Smith, Senior Vice President & CFO,
+1-540-265-0690, investorrelations@occfiber.com, both of Optical Cable
Corporation; or Andrew Siegel, +1-212-355-4449 ext. 127,
occ-jfwbk@joelefrank.com, or Aaron Palash, +1-212-355-4449 ext. 103,
occ-jfwbk@joelefrank.com, both of Joele Frank, Wilkinson Brimmer Katcher
 
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