NAPCO Security Technologies Declared A Quarterly Dividend/Share Of $0.125, Up By 25% QoQ
Portfolio Pulse from Benzinga Newsdesk
NAPCO Security Technologies has announced a 25% increase in its quarterly dividend to $0.125 per share, reflecting strong financial health. The dividend will be paid on October 3, 2024, to shareholders of record on September 12, 2024.
August 26, 2024 | 11:08 am
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NAPCO Security Technologies has increased its quarterly dividend by 25% to $0.125 per share, indicating robust financial performance and confidence in future earnings.
The 25% increase in the quarterly dividend reflects NAPCO's strong financial health, as evidenced by robust net income, adjusted EBITDA, and growing cash reserves. This move is likely to positively impact investor sentiment and could lead to a short-term increase in the stock price.
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