Thursday, May 09, 2013
Black Box Corporation Declares a 12.5% Increase to Its Quarterly Cash Dividend
Fiscal 2014 cash dividend declaration represents the third consecutive year of double digit percentage increases.
PITTSBURGH, PENNSYLVANIA, May 9, 2013 —Black Box Corporation (NASDAQ:BBOX), a leading communications system integrator, announced today that its Board of Directors has declared a 12.5% increase to its quarterly cash dividend resulting in a payout of $0.09 per share of its Common Stock.
The $0.09 per share dividend was declared on all outstanding shares of Black Box’s Common Stock and will be payable on July 12, 2013 to stockholders of record at the close of business on June 28, 2012. Black Box will pay the dividend through its transfer agent, American Stock Transfer & Trust Company, LLC, 6201 15th Avenue, Brooklyn, NY 11219.
Mike McAndrew, President and Chief Executive Officer said, “The increase in our quarterly cash dividend demonstrates the Board’s confidence in our ability to continue to generate significant cash flows for the foreseeable future and our commitment to return value to our shareholders.”
About Black Box
Black Box is a leading communications system integrator dedicated to designing, sourcing, implementing and maintaining today’s complex communications solutions. Black Box services more than 175,000 clients in approximately 150 countries with approximately 200 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
Vice President of Corporate Communications
and Investor Relations