NIC Declares Special Cash Dividend of $0.35 Per Share
29 Oktober 2013 - 9:23PM
Business Wire
NIC Inc. (NASDAQ: EGOV), the dominant provider of official state
eGovernment services, today announced that its Board of Directors
declared a special cash dividend of $0.35 per share on October 28,
2013, payable on January 2, 2014, to stockholders of record on
November 8, 2013. The dividend payout will total approximately
$23.0 million based on the current number of shares
outstanding.
“One of our core values at NIC is ‘to be the best investment
that stockholders have ever made’,” said Harry Herington, NIC Chief
Executive Officer and Chairman of the Board. “Returning cash to
stockholders is one way we create stockholder value, and we are
pleased that our financial strength has once again allowed us to
pay a special dividend.”
Since 2007, NIC has paid more than $149 million to stockholders
in the form of special cash dividends.
About NIC
NIC Inc. (NASDAQ: EGOV) is the leading provider of
enterprise-wide, official state eGovernment services and secure
government payment processing solutions. The company's innovative
eGovernment services help reduce costs and increase efficiencies
for government agencies, citizens, and businesses across the
country. The NIC family of companies provides eGovernment solutions
for more than 3,500 federal, state, and local agencies in the
United States. Additional information is available at http://www.egov.com.
Cautionary Statement Regarding Forward-Looking
Information
Any statements contained in this release that do not relate to
historical or current facts constitute forward-looking statements.
These statements include statements regarding the Company’s
potential financial performance for the current fiscal year,
statements regarding the planned implementation of new portal
contracts and statements regarding continued implementation of
NIC’s business model and its development of new products and
services. Forward-looking statements are subject to inherent risks
and uncertainties and there can be no assurance that such
statements will prove to be correct. There are a number of
important factors that could cause actual results to differ
materially from those suggested or indicated by such
forward-looking statements. These include, among others, NIC’s
ability to successfully integrate into its operations recently
awarded eGovernment contracts; NIC's ability to implement its new
portal contracts in a timely and cost-effective manner; NIC’s
ability to successfully increase the adoption and use of
eGovernment services; the possibility of reductions in fees or
revenues as a result of budget deficits, government shutdowns or
changes in government policy; the success of the Company in
renewing existing contracts and in signing contracts with new
states and federal government agencies; continued favorable
government legislation; NIC’s ability to develop new services;
existing states and agencies adopting those new services;
acceptance of eGovernment services by businesses and citizens;
competition; the possibility of security breaches through cyber
attacks; legal fees and other expenses related to the SEC matter in
excess of directors’ and officers’ liability insurance policy
limits; general economic conditions; and the other important
cautionary statements and risk factors described in NIC's 2012
Annual Report on Form 10-K filed with the Securities and Exchange
Commission on February 28, 2013 and in subsequent periodic reports
filed with the SEC. Any forward-looking statements made in this
release speak only as of the date of this release. NIC does not
intend to update these forward-looking statements and undertakes no
duty to any person to provide any such update under any
circumstances.
NIC Inc.Angela Davied, 913-754-7054adavied@egov.com
NIC (NASDAQ:EGOV)
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