Cubic President and CEO Bradley Feldmann. Photo: Cubic
Cubic Corp. [CUB] on Tuesday said its board has approved a 13 percent increase in the company’s semiannual dividend, which will be paid on March 20.
The cash dividend was raised to 13.5 cents per share from 12 cents.
“I am pleased to announce the 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 business,” Bradley Feldmann, Cubic’s president and CEO, said in a statement.