OPNET Announces Special Dividend Set at $0.85 Per Share
09 November 2011 - 10:05PM
OPNET Technologies, Inc. (Nasdaq:OPNT), a leading provider of
solutions for application and network performance management, today
announced that its Board of Directors has approved a one-time
special dividend in the amount of $0.85 per share, which will be
paid on December 15, 2011 to stockholders of record at the close of
business on December 1, 2011.
Marc A. Cohen, OPNET's Chairman and CEO, stated, "The decision
to pay a special dividend reflects our history of generating cash
from operations, our strong balance sheet, and our confidence in
our long-term growth prospects. This payout will not affect our
long-standing commitment to invest in innovation, and is not
expected to alter our previously announced plan to issue a
quarterly dividend."
The declaration of cash dividends in the future, as well as the
amount of any such dividend, is subject to final determination each
quarter by the Board of Directors based on a number of factors,
including the Company's future financial performance and its
available cash resources, its cash requirements, and its
requirements for alternative uses of cash.
About OPNET Technologies, Inc.
Founded in 1986, OPNET Technologies, Inc. (Nasdaq:OPNT) is a
leading provider of solutions for application and network
performance management. For more information about OPNET and its
products, visit www.opnet.com.
OPNET and OPNET Technologies, Inc. are trademarks of OPNET
Technologies, Inc. All other trademarks are the property of their
respective owners.
Statements in this press release that are not purely historical
facts may constitute forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. OPNET
Technologies, Inc. ("OPNET") assumes no obligation to update
statements. Forward-looking statements, including expected cash
dividends, are predictions based upon information available to
OPNET as of the date of this press release and involve risks and
uncertainties; therefore, actual events or results may differ
materially. Factors that may cause OPNET's actual results, levels
of activity, performance or achievements to be materially different
from any future results, levels of activity, performance or
achievements expressed or implied by such forward-looking
statements include, among others, those factors listed under the
caption "Risk Factors" in OPNET's Annual Report on Form 10-K for
the fiscal year ended March 31, 2011, as filed with the Securities
and Exchange Commission on June 3, 2011. The risk factors set forth
in the Company's Form 10-K under the caption "Risk Factors" are
specifically incorporated by reference into this press release. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Note to editors: The word OPNET is spelled with all upper-case
letters.
CONTACT: OPNET Media Contact:
Sue Cole
OPNET Technologies, Inc.
(919) 461-2445
Media@opnet.com
www.opnet.com
OPNET Investor Relations:
Mel Wesley
OPNET Technologies, Inc.
(240) 497-3000
ir@opnet.com
www.opnet.com
Opiant Pharmaceuticals (NASDAQ:OPNT)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Opiant Pharmaceuticals (NASDAQ:OPNT)
Historical Stock Chart
Von Jul 2023 bis Jul 2024