Table Trac Announces Quarterly Dividend

Rhea-AI Summary

Table Trac (OTCQX: TBTC) has announced a quarterly cash dividend of $0.01 per share on its common stock. The Board of Directors approved this dividend on August 9, 2024. Shareholders of record as of the close of business on August 30, 2024, will be eligible to receive the dividend, which is scheduled for payment on September 13, 2024. This announcement demonstrates Table Trac's commitment to providing regular returns to its shareholders, potentially indicating confidence in the company's financial stability and cash flow generation capabilities.

Positive

• Dividend payment indicates company's ability to generate cash and return value to shareholders
• Regular dividend payments may attract income-focused investors

Negative

• Low dividend amount of $0.01 per share might be seen as modest by some investors
• Dividend payments reduce cash reserves available for business operations or growth initiatives

News Market Reaction – TBTC

-2.50%

1 alert

-2.50% News Effect

On the day this news was published, TBTC declined 2.50%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MINNETONKA, Minn., Aug. 09, 2024 (GLOBE NEWSWIRE) -- On August 9, 2024, The Board of Directors of Table Trac Inc. (the “Company”) (OTCQX: TBTC) approved a cash dividend on the Company’s common stock of $0.01 per share. The dividend is payable on September 13, 2024 to shareholders of record at the close of business on August 30, 2024.

About Table Trac, Inc.

Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has systems installed in North, South, and Central America, as well as Australia and the Caribbean. More information is available at http://www.tabletrac.com/.

Forward Looking Statements

This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company's filings with the Securities and Exchange Commission.                           

FAQ

What is the dividend amount announced by Table Trac (TBTC) for Q3 2024?

Table Trac (TBTC) announced a quarterly cash dividend of $0.01 per share for Q3 2024.

When is the payment date for Table Trac's (TBTC) latest dividend?

The payment date for Table Trac's (TBTC) latest dividend is September 13, 2024.

What is the record date for Table Trac's (TBTC) Q3 2024 dividend?

The record date for Table Trac's (TBTC) Q3 2024 dividend is August 30, 2024, at the close of business.

How often does Table Trac (TBTC) pay dividends?

Based on this announcement, Table Trac (TBTC) appears to pay quarterly dividends, but investors should check the company's dividend history for confirmation.