GGRAsia – TransAct declares US$0.08-quarterly cash dividend

TransAct declares US$0.08-quarterly cash dividend

Feb 07, 2017 Newsdesk Industry Talk, Latest News

Nasdaq-listed gaming supplier TransAct Technologies Inc has declared a quarterly cash dividend of US$0.08 per share. TransAct is a supplier of printers and printing software to commercial sectors including the gaming industry.

The quarterly cash dividend will be payable on March 15 to shareholders of record on February 20, Transact said in a filing on Monday.

On an annualised basis, the quarterly dividend represents a yield of 4.6 percent based on the US$6.95-per-share closing price of the company’s stock on February 3.

TransAct is yet to announce its fourth quarter 2016 financial results.

The company reported net sales of US$14.5 million for the third quarter of 2016, up by 2.1 percent from US$14.2 million in the prior-year quarter.

The third quarter growth was supported by an increase in revenue from the casino and gaming product segment, the firm said in November. TransAct had stated casino and gaming net sales in the third quarter of 2016 were US$5.6 million, up by 27.2 percent in year-on-year terms.