Nasdaq-listed gaming supplier TransAct Technologies Inc on Monday declared a quarterly cash dividend of US$0.08 per share. TransAct is a supplier of printers and printing software to the gaming industry, among other industries.
The dividend will be payable on September 15 to shareholders of record at the close of business on August 20, the company said in a filing.
On an annualised basis, the quarterly dividend represents an annual yield of 3.6 percent based on the US$8.88 per share closing price of the company’s stock on August 1.
TransAct is forecast to announce on Wednesday its results for the second quarter of 2014. The company reported net sales of US$13.6 million for the first three months of the year, down by 10 percent from one year before, with casino and gaming revenue declining by 3 percent, to US$6.5 million.
Two of TransAct’s market rivals announced on Monday they are linking up. JCM Innovation Corp, a subsidiary of JCM American Corp, said it has entered into an agreement to buy U.S.-based FutureLogic Inc from American Capital Ltd.
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Vitaly Umansky, Louis Li and Shirley Yang
Analysts at Sanford C. Bernstein