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Date Announced: 10 Dec 2012
Laser giant returns part of its cash pile to its shareholders.
SANTA CLARA, Calif., Dec. 10, 2012 /PRNewswire/ -- Coherent, Inc. (COHR), announced today that the company's Board of Directors has approved a $1.00 per share special cash dividend on its outstanding common stock payable on December 27, 2012 to stockholders of record on December 19, 2012.
"Given the unique uncertainty surrounding future tax rates, we elected to return money to our stockholders by way of a special one-time dividend. This dividend does not compromise either our strategic goals or strong balance sheet and does not impact our previously announced $25 million share repurchase authorization," said John Ambroseo, President and CEO.
Source: Coherent
E-mail: via web site
Web Site: www.coherent.com
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