Issuer Direct Corporation (OTCBB: ISDR), a market leader and innovator of disclosure management solutions and cloud-based compliance technologies, today announced that its Board of Directors has declared a third quarter cash dividend of $0.03 per share. The cash dividend is payable November 2, 2012 to shareholders of record at the close of business on October 17, 2012.
The quarterly dividend of $0.03 ($0.12 annually) provides an annualized current yield of 4.0% to shareholders, based upon ISDR’s closing stock price of $3.00 per share on Tuesday, October 2, 2012.
Any future cash dividends and the record dates for such dividends must be approved by the Company’s Board of Directors and announced by the Company. Payment of future dividends is at the discretion of the Board of Directors and will depend upon revenue, earnings, cash flow from operations, the overall outlook for the Company’s business, cash balances and alternative uses for cash resources