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Date Announced: 12 Dec 2012
Fiber laser firm rewards shareholders with cash payout.
OXFORD, Mass.--(BUSINESS WIRE)--IPG Photonics Corporation (IPGP) today announced that its Board of Directors approved a $0.65 per share one-time special cash dividend on its outstanding common stock payable on or about December 28, 2012 to stockholders of record at the close of business on December 21, 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,” said Chairman and Chief Executive Officer Dr. 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.”
Source: IPG Photonics
E-mail: via web site
Web Site: www.ipgphotonics.com
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