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Provider: New Constructs, LLC
Provider: Wright Reports
Provider: Pechala's Reports
Provider: Pechala's Reports

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Heska Corp suspends Quarterly Dividend

Monday, 25 Feb 2013 04:00pm EST 

Heska Corp announced that Following the acquisition of a majority interest in Cuattro Vet, the Company also formally announced that its Board of Directors has decided to suspend the Company's quarterly dividend for the foreseeable future. When making this decision, the Board considered the cash likely to be required to purchase the remaining 45.4% of Cuattro Vet, the cash required to complete the purchase of 54.6% of Cuattro Vet and other acquisitions the Company is considering. The Company expects it will be able to generate enhanced shareholder value by investing in the growth of its business, including through attractive acquisitions, rather than distributing cash dividends. 

Company Quote

-0.22 -1.69%
15 Sep 2014