Cubic Corporation Increases Semiannual Dividend by 33 Percent
February 28 2012 - 2:45PM
Marketwired
Cubic Corporation (NYSE: CUB) today announced its Board of
Directors has declared an increase in its regular semiannual cash
dividend on common stock by 33 percent from 9 cents to 12 cents per
share.
The 12 cents per share dividend will be paid on March 19, 2012,
to stockholders of record on March 9, 2012. Cubic has paid
consecutive cash dividends to its stockholders since 1971.
"Cubic's strong operating performance and financial strength has
positioned us to increase the dividend without sacrificing our
ability to invest in the future growth of our businesses," said
Cubic's Chairman, President and CEO, Walter J. Zable.
Cubic Corporation is the parent company of
three major business segments: Defense Systems,
Mission Support Services and Transportation
Systems. Cubic Defense Systems is a leading provider of
realistic combat training systems, cyber technologies, asset
tracking solutions, and defense electronics. Mission Support
Services is a leading provider of training, operations,
maintenance, technical and other support services for U.S. and
allied military and security forces. Cubic Transportation Systems
is the world's leading provider of automated fare collection
systems and services for public transit authorities. For more
information about Cubic, see the company's Web site at
www.cubic.com.
Media Contact: John D. Thomas 858-505-2989 Investor
Contact: Diane Dyer 858-505-2907
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