Market Overview

Hi-Tech Pharmacal Announces $1.50/Share Special Dividend

Hi-Tech Pharmacal (NASDAQ: HITK) announced that it will pay a
special one-time dividend of $1.50 per share. The dividend will be
payable on December 28, 2012 to shareholders of record on December 13,
2012.

David Seltzer, President and CEO commented on the dividend: “This
special dividend is the result of the success we have had over the last
several years. It is also a reflection of our positive outlook and our
Board's and management team's confidence in our ability to continue to
generate cash to fund future growth. Paying a special dividend of this
amount allows us to return cash to shareholders while retaining a
significant amount of cash to fund future growth through R&D and

See full press release

Posted-In: News Guidance Management Global

 

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