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Stock Market & Financial Investment News

News Breaks
December 6, 2012
16:47 EDTOCCOptical Cable Corporation increases and accelerates quarterly dividend
Optical Cable Corporation announced the declaration of a regular quarterly cash dividend to OCC's shareholders. OCC's board declared a cash dividend of 2c per share on the company's common stock effective December 6. The dividend will be paid on or about December 21, to shareholders of record on December 17. The amount of this quarterly dividend represents an increase of more than 33%, or 0.05c per share, as compared to the regular quarterly dividends declared by the company during FY12, and implies an annual cash dividend of 8c per common share. OCC's board decided to accelerate the declaration and payment of the 1Q13, which would normally be declared in January 2013 and paid in February 2013. It is anticipated that OCC's next quarterly dividend will be declared in April 2013, consistent with OCC's normal quarterly dividend declaration schedule.
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