eMagin announced that will pay a special dividend of $0.10 per share to all shares payable on December 26, 2012 (to shareholders of record as of December 20, 2012). eMagin says that this will not compromise their financial position. One of the reasons for the dividend is because of the ongoing uncertainty surrounding future dividend tax rates.
An eMagin OLED microdisplay
eMagin has 23.52 million outstanding shares which means that the total payment will be $2.35 million. eMagin has about $16.6 million in cash and so have no problem paying this dividend. The OLED microdisplay maker has a revenue guidance of $30-$34 million in 2012, and net income in Q3 2012 was $340,000.
Disclosure: the author of this post holds shares in eMagin
Posted: Dec 11,2012 by Ron Mertens
