Orad Hi-Tec Systems Ltd: Dividend announcement

(PresseBox) ( Kfar-Saba, Israel, )
Orad Hi-Tec Systems Ltd. (ISIN IL0010838071; Symbol:OHT), a global developer and distributor of stateoftheart, 3D realtime graphic solutions for the broadcasting markets, announced that it has resolved to declare a dividend for fiscal years 2008 and 2009, in the amount of 1/3 (33.3%) of the net profits in years 2008 and 2009. Such profits amounted to US$ 1,863,000. The dividend per share is currently expected to be approximately 17.2 US cents per share (and in any event shall be rounded down to the nearest one tenth of one cent). The record date is May 31, 2010, the exdividend date is June 1, 2010 and the payment date is expected to be June 4, 2010. The Company shall withhold 20% at source, for all shareholders, according to Israeli tax law requirements.

The Company further announced that it has adopted a dividend policy according to which from 2010 and thereafter, the Company shall endeavor to distribute as dividends at least 1/3(33.3%) of the yearly net profits following the approval of the financial results for each fiscal year.
The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material.
The use of information published here for personal information and editorial processing is generally free of charge. Please clarify any copyright issues with the stated publisher before further use. In the event of publication, please send a specimen copy to service@pressebox.de.