MORRISVILLE, NC--(Marketwire - Dec 3, 2012) - Issuer Direct Corporation (OTCBB: ISDR), a market leader and innovator of disclosure management solutions and cloud-based compliance technologies, today announced that its Board of Directors has declared its anticipated fourth quarter cash dividend of $0.03 per share, as well as a special one-time $0.02 cash dividend. Both cash dividends, totaling $0.05 per share, will be paid in combination on December 27, 2012 to shareholders of record at the close of business on December 17, 2012.
The quarterly dividend of $0.03 ($0.12 annually) provides an annualized current yield of 3.21% to shareholders, based upon ISDR's closing stock price of $3.74 per share on Friday, November 30, 2012.
Both the quarterly dividend and special dividend will be funded from cash on hand. Any future cash dividends and the record dates for such dividends must be approved by the Company's Board of Directors and announced by the Company. Payment of future dividends is at the discretion of the Board of Directors and will depend upon revenue, earnings, cash flow from operations, the overall outlook for the Company's business, cash balances and alternative uses for cash resources
About Issuer Direct Corporation:
Issuer Direct Corporation ("IDC") is a market leader and innovator of disclosure management solutions and cloud-based compliance technologies. With a focus on corporate issuers, the Company alleviates the complexity of maintaining compliance with its integrated portfolio of products and services that enhance companies' ability to efficiently produce and distribute their financial and business communications both online and in print.
The Issuer Direct logo is available here.
Learn more about Issuer Direct today:
Financial Tear sheet http://ir.issuerdirect.com/tearsheet/html/isdr
Request materials http://ir.issuerdirect.com/isdr/request_materials
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company's forward-looking statements, please see the Company's Annual Report on Form 10-K for the year ended December 31, 2011, including but not limited to the discussion under "Risk Factors" therein, which the Company has filed with the SEC and which may be viewed at http://www.sec.gov.