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Date Announced: 03 Dec 2012
$2 per share returned to shareholders following positive result in recent patent battle.
PORTLAND, Ore.--(BUSINESS WIRE)--Electro Scientific Industries, Inc. (ESIO), a leading supplier of innovative laser-based manufacturing solutions for the microtechnology industry, today announced that its board of directors declared a special cash dividend of $2.00 per share. The dividend is payable December 27, 2012 to shareholders of record as of the close of business on December 13, 2012.
“We are pleased to be in a position to pay a special dividend to shareholders,” said Nick Konidaris, president and CEO of ESI. “Today’s announcement reflects our commitment to return excess cash to shareholders following our recent successful patent settlement. The board believes a special dividend paid at this time represents an opportunistic and tax-efficient way to return value to shareholders.”
Source: ESI
E-mail: smithb@esi.com
Web Site: www.esi.com
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