Orad Hi-Tec Systems Ltd: Dividend announcement

Kfar-Saba, Israel, (PresseBox) - 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.

ORAD Hi Tec Systems GmbH

Orad Hi-Tec Systems is a world leading provider of real time 3D broadcast graphics solutions for the broadcasting markets, including: news, channel branding, sports production and enhancement, special events, elections, virtual studios, and virtual advertisement. Orad's compelling solutions streamline production workflow, enhance viewer experience and improve production value. Founded in 1993, Orad is a public company listed on the Frankfurt Stock Exchange (OHT).

For more information, visit www.orad.tv

Diese Pressemitteilungen könnten Sie auch interessieren

News abonnieren

Mit dem Aboservice der PresseBox, erhalten Sie tagesaktuell und zu einer gewünschten Zeit, relevante Presseinformationen aus Themengebieten, die für Sie interessant sind. Für die Zusendung der gewünschten Pressemeldungen, geben Sie bitte Ihre E-Mail-Adresse ein.

Es ist ein Fehler aufgetreten!

Vielen Dank! Sie erhalten in Kürze eine Bestätigungsemail.

Ich möchte die kostenlose Pressemail abonnieren und habe die Bedingungen hierzu gelesen und akzeptiert.