GGRAsia – TransAct declares US$0.09 quarterly cash dividend

TransAct declares US$0.09 quarterly cash dividend

Feb 06, 2018 Newsdesk Industry Talk, Latest News

Nasdaq-listed gaming supplier TransAct Technologies Inc has declared a quarterly cash dividend of US$0.09 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 2.5 percent based on the US$14.20-per-share closing price of the company’s stock on February 2, the firm stated.

TransAct is yet to announce its fourth-quarter 2017 financial results.

The company’s total net sales revenue for the third quarter was US$15.5 million, up 7.3 percent in year-on-year terms. Casino and gaming sales were the main revenue contributor, accounting for 32.9 percent of the total.

But casino and gaming equipment sales for the third quarter stood at US$5.1 million, down by 8.9 percent from the prior-year period. Revenue from the segment was negatively affected by lower year-on-year sales to international customers, the U.S.-based firm said in November. The company said at the time that it had decided “to bring all European casino sales in-house”.