Tuesday, May 24, 2011
Black Box Corporation Declares A 17% Increase To Its Quarterly Cash Dividend
Increases Quartely Dividend to 7 cents per share
PITTSBURGH, PENNSYLVANIA, May 24, 2011 – Black Box Corporation (NASDAQ:BBOX) today announced that its Board of Directors has declared a 17% increase to its quarterly cash dividend resulting in a payout of $0.07 per share of its Common Stock. The $0.07 per share dividend was declared on all outstanding shares of Black Box’s Common Stock and will be payable on July 14, 2011 to stockholders of record at the close of business on July 1, 2011.
Terry Blakemore, President and Chief Executive Officer said, “The 17% increase in the quarterly cash dividend displays confidence in our ability to continue to generate significant cash flows for the foreseeable future and our commitment to take actions to increase value for our shareholders.”
Black Box will pay the dividend through its transfer agent, American Stock Transfer & Trust Company, 59 Maiden Lane, New York, NY 10038.
About Black Box
Black Box is a leading technical services company dedicated to designing, building and maintaining today’s complicated data and voice infrastructure systems. Black Box services more than 175,000 clients in 141 countries with 196 offices throughout the world. To learn more, visit the Black Box Web site at http://www.blackbox.com.
Black Box® and the Double Diamond logo are registered trademarks of BB Technologies, Inc.
Contact: Black Box Corporation
Director – Investor Relations