Pike Electric declares $1.00 per share special dividend The Board of Directors of Pike Electric declared a special dividend of $1.00 per share payable on December 21 to all stockholders of record as of December 14. Pike said it will utilize the revolving credit facility to fund the dividend. The company anticipates positive cash flows from operating activities during the fiscal third quarter will be used to repay the debt.
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Pike Electric 6.9M share Secondary priced at $11.50 The deal size was increased to 6.9M shares from 6.5M shares. JPMorgan and BofA/Merrill acted as joint book running managers for the offering.
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