RF Industries Increases Regular Quarterly Dividend to $0.07, Declares
Special Cash Dividend of $0.07 Per Common Share
SAN DIEGO -- March 18, 2013
RF Industries Ltd. (NASDAQ: RFIL) announced that its Board of Directors has
increased its regular quarterly cash dividend by 40% from $0.05 per common
share to $0.07 per common share, and that it will pay this increased dividend
starting in this current quarter. Since the Company previously accelerated
payment of the $0.05 per share dividend for this fiscal quarter in December
2012, this new $0.07 per share dividend is deemed to be a special dividend.
RFI has approximately 7,500,000 common shares outstanding.
The special cash dividend will be payable April 16, 2013 to shareholders of
record as of April 1, 2013.
“Our decision to pay this one-time special dividend reflects the Company’s
strong cash position and balance sheet. We are pleased to have this
opportunity to share our success with our shareholders,” said Howard Hill, CEO
of RF Industries.
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.
This press release contains forward-looking statements with respect to future
events which are subject to a number of factors that could cause actual
results to differ materially. These forward-looking statements are not
guarantees of future performance and involve risks, assumptions and
uncertainties, including those described in “Risk Factors” in the Company’s
public filings with the Securities and Exchange Commission (www.sec.gov)
including its Form 10-K. All forward-looking statements are based upon
information available to the Company on the date they are published and the
Company undertakes no obligation to publicly update or revise any
forward-looking statements to reflect events or new information after the date
of this release.
Institutional Marketing Services (IMS)
John Nesbett/Jennifer Belodeau, 203-972-9200
RF Industries Ltd.
James Doss, 858-549-6340
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