Evertz Technologies Limited

Evertz Technologies Limited

November 25, 2013 08:26 ET

Evertz Declares Special Dividend in Excess of $100 Million

BURLINGTON, ONTARIO--(Marketwired - Nov. 25, 2013) -

Attention Business/Financial Editors:

Evertz Technologies Limited (TSX:ET), a global leader in video network innovation, announced today a special dividend of $1.40 per common share payable on December 11, 2013 to shareholders of record on December 4, 2013. The special dividend reflects both the strong long-term operating performance of the company and its solid balance sheet, thereby enabling a distribution of excess cash over and above what is considered necessary to meet known commitments and maintain adequate reserves.

About Evertz

Evertz Technologies Limited (TSX:ET) designs, manufactures and markets video and audio infrastructure solutions for the television, telecommunications and new-media industries. The Company's solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their increasingly complex multi-channel digital, high definition television ("HDTV") and next generation high bandwidth low latency IP network environments and by telecommunications and new-media companies. The Company's products allow its customers to generate additional revenue while reducing costs through the more efficient signal routing, distribution, monitoring and management of content as well as the automation of previously manual processes.

Contact Information

  • Evertz Technologies Limited
    Anthony Gridley
    (905) 335-7580