Virco Announces Cash Dividend
October 06 2010 - 7:00PM
Virco Mfg. Corporation (Nasdaq:VIRC) announced the declaration of a
quarterly cash dividend of $0.025 per share payable December 3,
2010, to stockholders of record on November 5, 2010. In making
the announcement, Robert A. Virtue, President and CEO, cautioned
that given prevailing economic uncertainties, payment of future
quarterly dividends will continue to be dependent upon: 1) the
strength of our balance sheet; 2) anticipated cash flows; and 3)
future cash requirements following careful review of these factors
by our Board of Directors.
The Virco Mfg. Corporation Logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=521
This news release contains "forward-looking statements" as
defined by the Private Securities Litigation Reform Act of
1995. Forward-looking statements are based on current
expectations and beliefs about future events or circumstances, and
you should not place undue reliance on these statements. Such
statements involve known and unknown risks, uncertainties,
assumptions and other factors, many of which are out of our control
and difficult to forecast. See our Annual Report on Form 10-K
for the year ended January 31, 2010, and other materials filed with
the Securities and Exchange Commission for a description of these
and other risks and uncertainties applicable to our
business. We assume no, and hereby disclaim any, obligation to
update any of our forward-looking statements. We nonetheless
reserve the right to make such updates from time to time by press
release, periodic reports or other methods of public disclosure
without the need for specific reference to this press
release. No such update shall be deemed to indicate that other
statements which are not addressed by such an update remain correct
or create an obligation to provide any other
updates.
CONTACT: Virco Mfg. Corporation
Robert A. Virtue, President
Douglas A. Virtue, Executive Vice President
Robert E. Dose, Vice President Finance
(310) 533-0474
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