SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE: CUB) today announced its Board of Directors has declared an increase in its regular semiannual cash dividend on common stock by 12.5 percent from 12 cents to 13.5 cents per share.
The 13.5 cents per share dividend will be paid on March 20, 2015, to stockholders of record on March 9, 2015. Cubic has paid consecutive cash dividends to its stockholders since 1971.
“I am pleased to announce that due to Cubic’s financial strength and commitment to deliver long-term value to our shareholders, we are increasing the dividend by 12.5 percent while continuing to invest in the future growth of our businesses,” said Cubic’s President and Chief Executive Officer, Bradley H. Feldmann.
About Cubic Corporation
Cubic Corporation is the parent company of two major business segments. Cubic Transportation Systems is a leading integrator of payment and information technology and services for intelligent travel solutions. Cubic Global Defense is a leading provider of realistic combat training systems, secure communications, operations, maintenance, technical and other support services for the U.S. and allied nations. For more information about Cubic, please visit the company's web site at www.cubic.com.