Hi-Tech Pharmacal Announces $1.50/Share Special Dividend

Hi-Tech Pharmacal 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