News Article
IPG Photonics offers $0.65 per share one-off dividend
The manufacturer of III-V high-power fibre lasers and amplifiers is rewarding its stock holders as business is booming
It seems that not everyone is a casualty of the global recession.
The Board of Directors at IPG Photonics has approved a $0.65 per share one-time special cash dividend on its outstanding common stock.
This is payable on or around December 28th, 2012 to stockholders of record at the close of business on December 21st, 2012.
"Given our confidence in the company's long-term growth prospects, our strong balance sheet and additional cash generated this year, the Board decided to reward our shareholders with a one-time special cash dividend," says Chairman and Chief Executive Officer Valentin Gapontsev. "We will continue to have sufficient capital to fund our growth strategy, including new product launches and complementary acquisitions. With the possibility of tax increases on dividends, this dividend provides a tax efficient opportunity to return capital to all our shareholders."
The Board of Directors at IPG Photonics has approved a $0.65 per share one-time special cash dividend on its outstanding common stock.
This is payable on or around December 28th, 2012 to stockholders of record at the close of business on December 21st, 2012.
"Given our confidence in the company's long-term growth prospects, our strong balance sheet and additional cash generated this year, the Board decided to reward our shareholders with a one-time special cash dividend," says Chairman and Chief Executive Officer Valentin Gapontsev. "We will continue to have sufficient capital to fund our growth strategy, including new product launches and complementary acquisitions. With the possibility of tax increases on dividends, this dividend provides a tax efficient opportunity to return capital to all our shareholders."
