SOURCE: Daxor Corp.

Daxor Corp.

November 08, 2011 08:30 ET

Daxor Corporation Announces Payment of a Fourth Quarter Dividend

NEW YORK, NY--(Marketwire - Nov 8, 2011) - Daxor Corporation, (NYSE Amex: DXR), a medical instrumentation and biotechnology company, announced today that a dividend will be paid during the fourth quarter of 2011.

The Board of Directors voted on November 3, 2011 to declare a dividend of $0.10 per share. The dividend will be payable on Wednesday, November 30, 2011 to shareholders of record on Friday, November 18, 2011. The Company previously paid a dividend of $0.15 per share on June 16, 2011.

In 2008, Management instituted a policy of paying dividends when funds were available.

At a meeting of the Board of Directors held in September, the Directors voted to reaffirm the policy of allowing for the repurchase of up to 250,000 shares annually of the Company's outstanding common stock.

Management expects the financial results for the three and nine months ended September 30, 2011 will be released on or before November 15, 2011.

Contact Information

  • Contact Information:

    Daxor Corporation

    David Frankel
    212-330-8504
    (Chief Financial Officer)
    dfrankel@daxor.com

    Diane Meegan
    212-330-8512
    (Investor Relations)
    dmeegan@daxor.com