Daktronics, Inc. Announces Quarterly Cash Dividend per Share
May 31 2019 - 9:30AM
Daktronics, Inc. (NASDAQ - DAKT) announced today that its Board of
Directors on May 30, 2019 approved a regular quarterly cash
dividend of $0.05 per share.
Reece Kurtenbach, chairman, president and chief
executive officer, stated, "This quarter, we reduced our regular
dividend in light of the headwinds created by the current global
trade environment and our continued planned investment in design
and development and other business
opportunities."
The quarterly dividend will be payable on June 20, 2019, to
shareholders of record as of the close of business on June 10,
2019.
Although the Company intends to pay regular
quarterly dividends for the foreseeable future, subsequent
dividends will continue to be reviewed quarterly and declared by
the Board at its discretion.
About Daktronics
Daktronics has strong leadership
positions in, and is the world's largest supplier of, large screen
video displays, electronic scoreboards, LED text and graphics
displays, and related control systems. The company excels in
the control of display systems, including those that require
integration of multiple complex displays showing real-time
information, graphics, animation, and video. Daktronics
designs, manufactures, markets and services display systems for
customers around the world in four domestic business
units: Live Events, Commercial, High School Park and
Recreation and Transportation, and one International business
unit. For more information, visit the company's website at:
www.daktronics.com, email the company at investor@daktronics.com,
call (605) 692-0200 or toll-free (800) 843-5843 in the United
States or write to the company at 201 Daktronics Dr., P.O. Box
5128, Brookings, S.D. 57006-5128.
Safe Harbor StatementCautionary
Notice: In addition to statements of historical fact, this news
release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 and is
intended to enjoy the protection of that Act. These
forward-looking statements reflect the Company’s expectations or
beliefs concerning future events. The Company cautions that these
and similar statements involve risk and uncertainties which could
cause actual results to differ materially from our expectations,
including, but not limited to, changes in economic and market
conditions, management of growth, timing and magnitude of future
contracts and orders, fluctuations in margins, the introduction of
new products and technology, the impact of adverse weather
conditions, increased regulation and other risks described in the
company’s SEC filings, including its Annual Report on Form 10-K for
its 2018 fiscal year. Forward-looking statements are made in
the context of information available as of the date stated. The
Company undertakes no obligation to update or revise such
statements to reflect new circumstances or unanticipated events as
they occur.
For more information contact:INVESTOR
RELATIONS:Sheila M. Anderson, Chief Financial OfficerTel (605)
692-0200Investor@daktronics.com
Daktronics (NASDAQ:DAKT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Daktronics (NASDAQ:DAKT)
Historical Stock Chart
From Apr 2023 to Apr 2024