RE: RE: RE: Ex-DIV I sent and email today re the dividend and Mr Nutt responed as follows (props for the quick reply). I have trouble understanding why a "regular" dividend that has been recently increased after a tripling of profits and a strong balance sheet would need board review each quarter. Does this mean the dividend will vary each quarter? I sure hope not! The BOD needs to give mgt some authority on this kind of thing.
Mr. xxxxx
We are having a Board meeting this week to review Q1 results and discuss the quarterly dividend. You should expect to see a press release issued by the end of the week in this regards.
I acknowledge your concern about the timing of the dividend announcement and will review the potential for disclosing those dates in advance with the Board to eliminate confusion going forward. Simply put, we issued the Q1 dividend announcement earlier in Q1 as we did not want to delay the dividend while waiting for full audited results. For Q2, Q3 and Q4 I expect that everything else being equal we will be declaring dividends in conjunction with the release of the respective quarterly results.
Regards,
Christopher Nutt
President and CEO
Automodular Corporation