BROOKINGS, SD -
Daktronics, Inc. (Nasdaq:DAKT) today announced that its Board of Directors on August 22, 2013 approved a change from a regular semi-annual cash dividend to a regular quarterly cash dividend.
"Given our cash and marketable securities position and our confidence in our ability to continue to generate free cash flow from the businessover the long-term, the Board has approved the payment of a regular quarterly dividend," said Jim Morgan, president and chief executive officer.
The quarterly dividend of $0.09 per share will be payable on September 20, 2013, to shareholders of record as of the close of business on September 6, 2013. While the company intends to pay regular quarterly dividends for the foreseeable future, subsequent dividends will continue to be reviewed quarterly and declared by the Board at its
Daktronics has strong leadership positions in, and is the world's largest supplier of, large screen video displays, electronic scoreboards, LED text and graphics displays, and related control systems. The company excels in the control of display systems, including those that require the integration of multiple complex displays showing real-time information, graphics, animation and video. Daktronics designs, manufactures, markets and services display systems for customers around the world in four domestic business units: Live Events, Commercial, Schools and Theatres, and Transportation, and one International business unit. For more information, visit the company's World Wide Web site at: http://www.daktronics.com, e-mail the company at firstname.lastname@example.org, call (605) 692-0200 or toll-free (800) 843-5843 in the United States or write to the company at 201 Daktronics Dr., PO Box 5128, Brookings, S.D. 57006-5128.
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