PITTSBURGH--(BUSINESS WIRE)--Black Box Corporation (NASDAQ:BBOX), a leading technology solutions provider, announced today that its Board of Directors has declared a 10% increase to its quarterly cash dividend resulting in a payout of $0.11 per share of its Common Stock.
The $0.11 per share dividend was declared on all outstanding shares of Black Box’s Common Stock and will be payable on July 10, 2015 to stockholders of record at the close of business on June 26, 2015. Black Box will pay the dividend through its transfer agent, American Stock Transfer & Trust Company, LLC, 6201 15th Avenue, Brooklyn, NY 11219.
Mike McAndrew, President and Chief Executive Officer said, “The increase in our quarterly cash dividend demonstrates the Board’s confidence in our ability to continue to generate significant cash flows for the foreseeable future and is consistent with our commitment to return tangible value to our shareholders.”
About Black Box
Black Box is a leading technology solutions provider dedicated to helping customers build, manage, optimize and secure their IT infrastructure. Black Box delivers high-value products and services through its global presence and 4,000 team members. To learn more, visit the Black Box Web site at http://www.blackbox.com.
Black Box® and the Double Diamond logo are registered trademarks of BB Technologies, Inc.