Ottawa-based C-COM Satellite Systems (TSXV:CMI), a supplier of satellite antennas, announced its quarterly dividend on Tuesday.
The company will pay shareholders $0.0125 per common share on Feb. 18, 2014. The dividend will apply to all shareholders of record as of Feb. 4, 2014.
Based on the stock’s Jan. 20 closing price, $1.76 per share, “this dividend represents a yield of 2.8 per cent on an annualized basis,” according to a company press release.
"We are pleased that we can continue to be able to reward our loyal shareholders with this quarterly dividend" said Leslie Klein, president and CEO of C-COM, in a statement.