ClearOne Declares One-time Cash Dividend
DENVER, Colo., Mar 12, 2024 (247marketnews.com)- ClearOne (NASDAQ:CLRO) states, after yesterday’s market close, that its Board of Directors declared a one-time special cash dividend of $0.50 per share of ClearOne common stock, payable on April 10, 2024 to shareholders of record on April 2, 2024.
CLRO is trading at $1.57, up $0.665 (+73.42%), on 2.81M shares.
Due to the special cash dividend exceeding twenty-five percent (25%) of the value of the Company’s common stock, in accordance with FINRA UPC (Uniform Practice Code) Rule 11140, a stockholder of the Company that sells shares of the Company’s common stock on or prior to the payment date of April 10, 2024 will not receive the one-time special cash dividend for the Company shares that are sold.
“We have decided to share this surplus with our shareholders, who continue to support the Company’s strategy and vision for future growth,” said Derek Graham, Chief Executive Officer of ClearOne. “We believe the company has an achievable plan to return to revenue growth and profitability.”
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