Hurco Companies, Inc. Announces Suspension of Quarterly Cash Dividend
INDIANAPOLIS, June 14, 2024 (GLOBE NEWSWIRE) — Hurco Companies, Inc. (Nasdaq Global Select Market: HURC) (“Hurco” or the “Company”), an international industrial technology company, announced today that its Board of Directors (the “Board”) elected to temporarily suspend the Company’s regular quarterly cash dividend on its common stock, effective immediately. The decision comes as the Company seeks to enhance its financial flexibility and improve its ability to manage market volatility while focusing on strengthening its balance sheet, reinvesting in the Company’s core business and research and development related to emerging technologies, and returning value to shareholders via the appropriate channels in both the near and long-term.