OPNET Announces Special Dividend Set at $0.85 Per Share
OPNET Technologies, Inc.
09.11.2011 22:05
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BETHESDA, Md., 2011-11-09 22:05 CET (GLOBE NEWSWIRE) --
OPNET Technologies, Inc. (Nasdaq:OPNT), a leading provider of solutions for
application and network performance management, today announced that its Board
of Directors has approved a one-time special dividend in the amount of $0.85
per share, which will be paid on December 15, 2011 to stockholders of record at
the close of business on December 1, 2011.
Marc A. Cohen, OPNET's Chairman and CEO, stated, 'The decision to pay a special
dividend reflects our history of generating cash from operations, our strong
balance sheet, and our confidence in our long-term growth prospects. This
payout will not affect our long-standing commitment to invest in innovation,
and is not expected to alter our previously announced plan to issue a quarterly
dividend.'
The declaration of cash dividends in the future, as well as the amount of any
such dividend, is subject to final determination each quarter by the Board of
Directors based on a number of factors, including the Company's future
financial performance and its available cash resources, its cash requirements,
and its requirements for alternative uses of cash.
About OPNET Technologies, Inc.
Founded in 1986, OPNET Technologies, Inc. (Nasdaq:OPNT) is a leading provider
of solutions for application and network performance management. For more
information about OPNET and its products, visit www.opnet.com.
OPNET and OPNET Technologies, Inc. are trademarks of OPNET Technologies, Inc.
All other trademarks are the property of their respective owners.
Statements in this press release that are not purely historical facts may
constitute forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. OPNET Technologies, Inc. ('OPNET') assumes no
obligation to update statements. Forward-looking statements, including expected
cash dividends, are predictions based upon information available to OPNET as of
the date of this press release and involve risks and uncertainties; therefore,
actual events or results may differ materially. Factors that may cause OPNET's
actual results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity, performance
or achievements expressed or implied by such forward-looking statements
include, among others, those factors listed under the caption 'Risk Factors' in
OPNET's Annual Report on Form 10-K for the fiscal year ended March 31, 2011, as
filed with the Securities and Exchange Commission on June 3, 2011. The risk
factors set forth in the Company's Form 10-K under the caption 'Risk Factors'
are specifically incorporated by reference into this press release. The Company
undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
Note to editors: The word OPNET is spelled with all upper-case letters.
CONTACT: OPNET Media Contact:
Sue Cole
OPNET Technologies, Inc.
(919) 461-2445
Media@opnet.com
www.opnet.com
OPNET Investor Relations:
Mel Wesley
OPNET Technologies, Inc.
(240) 497-3000
ir@opnet.com
www.opnet.com
News Source: NASDAQ OMX
09.11.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: OPNET Technologies, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US6837571081
WKN:
End of Announcement DGAP News-Service
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OPNET Technologies, Inc.
09.11.2011 22:05
---------------------------------------------------------------------------
BETHESDA, Md., 2011-11-09 22:05 CET (GLOBE NEWSWIRE) --
OPNET Technologies, Inc. (Nasdaq:OPNT), a leading provider of solutions for
application and network performance management, today announced that its Board
of Directors has approved a one-time special dividend in the amount of $0.85
per share, which will be paid on December 15, 2011 to stockholders of record at
the close of business on December 1, 2011.
Marc A. Cohen, OPNET's Chairman and CEO, stated, 'The decision to pay a special
dividend reflects our history of generating cash from operations, our strong
balance sheet, and our confidence in our long-term growth prospects. This
payout will not affect our long-standing commitment to invest in innovation,
and is not expected to alter our previously announced plan to issue a quarterly
dividend.'
The declaration of cash dividends in the future, as well as the amount of any
such dividend, is subject to final determination each quarter by the Board of
Directors based on a number of factors, including the Company's future
financial performance and its available cash resources, its cash requirements,
and its requirements for alternative uses of cash.
About OPNET Technologies, Inc.
Founded in 1986, OPNET Technologies, Inc. (Nasdaq:OPNT) is a leading provider
of solutions for application and network performance management. For more
information about OPNET and its products, visit www.opnet.com.
OPNET and OPNET Technologies, Inc. are trademarks of OPNET Technologies, Inc.
All other trademarks are the property of their respective owners.
Statements in this press release that are not purely historical facts may
constitute forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. OPNET Technologies, Inc. ('OPNET') assumes no
obligation to update statements. Forward-looking statements, including expected
cash dividends, are predictions based upon information available to OPNET as of
the date of this press release and involve risks and uncertainties; therefore,
actual events or results may differ materially. Factors that may cause OPNET's
actual results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity, performance
or achievements expressed or implied by such forward-looking statements
include, among others, those factors listed under the caption 'Risk Factors' in
OPNET's Annual Report on Form 10-K for the fiscal year ended March 31, 2011, as
filed with the Securities and Exchange Commission on June 3, 2011. The risk
factors set forth in the Company's Form 10-K under the caption 'Risk Factors'
are specifically incorporated by reference into this press release. The Company
undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
Note to editors: The word OPNET is spelled with all upper-case letters.
CONTACT: OPNET Media Contact:
Sue Cole
OPNET Technologies, Inc.
(919) 461-2445
Media@opnet.com
www.opnet.com
OPNET Investor Relations:
Mel Wesley
OPNET Technologies, Inc.
(240) 497-3000
ir@opnet.com
www.opnet.com
News Source: NASDAQ OMX
09.11.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: OPNET Technologies, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US6837571081
WKN:
End of Announcement DGAP News-Service
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