NEW BERLIN, Wis.--(BUSINESS WIRE)--FIRSTIME DESIGN LIMITED (FTDL) today announced its Board of Directors has approved a $0.25 per share special cash dividend on its common stock, payable on March 15, 2014 to shareholders of record at the close of business on February 28, 2014, as part of its ongoing plan to generate shareholder value.
Christopher D. Bering, FirsTime’s President and CEO, said, “Given the $1.7 million in cash on our balance sheet at the end of 2013, combined with the projected cash needs of the business over the next 12 months, we believe a larger than average cash distribution maximizes shareholder value.”
Bering went on to say, “Once again, we would like to acknowledge our shareholders who have partnered with us throughout the restructuring process and continue to believe that our focus on maximizing shareholder value will lead to our long term success.”
About FirsTime Design Limited
FirsTime Design Limited, through its subsidiary, License Products, Inc., does business as FirsTime Manufactory, an industry leading designer, marketer and distributor of timepieces and home decor products sold through national and regional retailers.
