Sapiens Int'l Declares $6M Cash Dividend
Sapiens International Corporation N.V. (NASDAQ: SPNS), a provider of innovative software solutions and a member of the Formula Systems Group announced today that the Company's Board of Directors has approved the distribution of a cash dividend of $0.15 per share, or approximately $6 million in the aggregate, to its shareholders of record as of January 25, 2013. The payment of the dividend is subject to shareholders' approval. The Company intends to convene an Extraordinary General Meeting of its shareholders to be held on February 20, 2013, for the purpose of approving the payment of the foregoing dividend. The Board of Directors will recommend that the Company's shareholders approve the dividend.
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