TSR Announces a $1.00 Per Share Special Cash Dividend
May 25 2017 - 1:00PM
Business Wire
TSR, Inc., (Nasdaq:TSRI) a provider of computer programming
consulting services, announced today that its Board of Directors
has declared a special one-time cash dividend of $1.00 per share
with respect to its common stock, payable on July 14, 2017 to
stockholders of record as of June 16, 2017.
TSR, Inc. last paid a cash dividend in 2012. In the period since
then, the Board of Directors elected to retain cash reserves in the
Company in order to finance the Company’s operations and support
growth. As a result of the Board’s review of TSR’s current
financial condition, the Board has determined that payment of the
special dividend is in the best interests of TSR and its
stockholders. The Board has no current plans to implement a
quarterly dividend program or pay any other special cash
dividend.
Certain statements contained herein are forward-looking
statements, as defined in the Private Securities Litigation Reform
Act of 1995. Actual results may differ materially from those set
forth in the forward-looking statements due to known and unknown
risks and uncertainties, including, but not limited to, those
described in the Company’s filings under the Securities Exchange
Act of 1934, as amended.
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TSR, Inc.John Sharkey, 631-231-0333
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