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Primus Telecom Declares Special $0.50 Dividend

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PTGi Board of Directors Declares Special Dividend of $8.50 per Share

Primus Telecommunications Group, Incorporated ("PTGi") (NYSE: PTGI), a global facilities-based integrated provider of advanced telecommunications products and services, announced today that its Board of Directors has approved a special cash dividend of $0.50 per share on all issued and outstanding PTGi common stock. The special cash dividend will be paid on December 28, 2012 to holders of record of PTGi common stock as of December 21, 2012. The ex-dividend date for this special dividend is December 19, 2012.

Peter D. Aquino, Chairman and Chief Executive Officer of PTGi, stated, "In light of our progress on outstanding items, such as our recent work on the working capital settlement concerning our divesture of our Australian business segment and our consistent positive free cash flow profile, we are now able to offer shareholders an additional $0.50 a share in the form of a dividend while staying on track with our financial and operational objectives."

Posted-In: News Dividends

 

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