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Hurco Companies Initiates Quarterly Cash Dividend Program; Declares a $0.05 per Share Dividend

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Hurco Companies (Nasdaq: HURC), an international industrial technology company, announced today that its Board of Directors approved the payment of an initial quarterly cash dividend of $0.05 per share. The dividend will be paid on July 12, 2013, to shareholders of record as of the close of business on June 28, 2013. "The initiation of a quarterly dividend reflects our financial strength and commitment to increasing shareholder value and total shareholder return," said Michael Doar, Chairman and Chief Executive Officer. "Our financial condition and recent performance enables us to be in a position to continue to implement our strategic plan while returning excess capital to our shareholders."

Future declarations of dividends are subject to approval of the Board of Directors and may be adjusted as business needs or market conditions change.

About the Company

Hurco Companies, Inc. is an industrial technology company that designs and produces interactive computer controls, software and computerized machine tools for the worldwide metal cutting and metal forming industry. The end market for the Company's products consists primarily of independent job shops and short-run manufacturing operations within large corporations in industries such as aerospace, defense, medical equipment, energy, transportation and computer equipment. The Company is based in Indianapolis, Indiana, with manufacturing operations in Taiwan and China, and sells its products through direct and indirect sales forces throughout North America, Europe and Asia. The Company has sales, application engineering support and service subsidiaries in China, England, France, Germany, India, Italy, Poland, Singapore, South Africa and the United States of America. Web Site: www.hurco.com.

 

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