GGRAsia – TransAct Technologies declares quarterly cash dividend

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TransAct Technologies declares quarterly cash dividend

Aug 05, 2019 Newsdesk Industry Talk, Latest News, World

TransAct Technologies declares quarterly cash dividend

TransAct Technologies Inc, a United States-based supplier of software and printing systems for casinos and other consumer businesses, says it has declared a quarterly cash dividend of US$0.09 a share.

The company issued on Friday a written statement saying the dividend is payable on September 16 to shareholders of record on August 20.

The TransAct Technologies announcement stated: “On an annualised basis, the quarterly dividend represents an annual yield of 2.9 percent, based on the US$12.54 per share closing price of the company’s stock on August 1, 2019.”

In July the company announced that a casino resort in Macau had bought a food inventory monitoring and food safety tracking system made by TransAct Technologies, called Boha.

TransAct Technologies said the deal was its first in the Asia-Pacific region, but withheld the name of the casino resort.

The company describes itself as a global leader in software development and printing for industries that include food and beverage, casino and gaming, lotteries, and oil and gas.

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