ClearOne Announces a Special One-time Cash Dividend
May 08 2023 - 8:00PM
Business Wire
ClearOne (NASDAQ: CLRO) today announced that its Board of
Directors has declared a special one-time cash dividend of $1.00
per share of ClearOne common stock, payable on May 31, 2023 to
shareholders of record on May 22, 2023.
"The recent successful legal settlements have generated surplus
cash for the Company. We are pleased to share this surplus with our
shareholders, who continue to support the Company’s strategy and
vision for future growth,” said Eric L. Robinson, Chairman of the
Board of Directors of ClearOne. “We believe the company is now
solidly positioned to pursue its long-term plans and return to
rapid revenue growth and profitability.”
Even though this dividend announcement is a special one-time
event, the declaration of dividends in the future is subject to the
discretion of the ClearOne Board of Directors, which will evaluate
the possibility of future dividend distributions from time-to-time
based on factors that the Board of Directors deem relevant.
However, no additional dividends have been authorized nor are
contemplated at this time.
About ClearOne
ClearOne is a global market leader enabling conferencing,
collaboration, and network streaming solutions. The performance and
simplicity of its advanced, comprehensive solutions offer
unprecedented levels of functionality, reliability, and
scalability. Visit ClearOne at www.clearone.com.
This release contains "forward-looking" statements that are
based on present circumstances and on ClearOne's predictions with
respect to events that have not occurred, that may not occur, or
that may occur with different consequences and timing than those
now assumed or anticipated. Such forward-looking statements,
including the expected future payment of dividends and any
statements of the plans and objectives of management for future
operations and forecasts of future growth and value, are not
guarantees of future performance or results and involve risks and
uncertainties that could cause actual events or results to differ
materially from the events or results described in the
forward-looking statements. Such forward-looking statements are
made only as of the date of this release and ClearOne assumes no
obligation to update forward-looking statements to reflect
subsequent events or circumstances. Readers should not place undue
reliance on these forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230508005791/en/
Narsi Narayanan 385-426-0565 investor_relations@clearone.com
http://investors.clearone.com
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