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Gino
Gino
P&P Score: 98.77   Points: 47.77   Accuracy: 41.56%   Average Pick Score: 2.45   Annual Return: 19.33% (61.76% since 3/15/09)  

Gino's Blog : Big one time dividend

Date February 13, 2010    Comments Comments (2)    Recommended (118)   
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Saw this (TCCO) come into my screener and after investigating what this company was and why it was rising, I found this news.

"CONCORD, Mass., Feb 09, 2010 (BUSINESS WIRE) -- Technical Communications Corporation (OTC BB: TCCO.OB) today announced that its Board of Directors has declared a special one-time dividend of $2.00 per share of common stock outstanding. The dividend is payable in cash on March 22, 2010 to all shareholders of record on March 8, 2010."

The press release can be found here;

http://www.investors.com/NewsAndAnalysis/Article.aspx?id=108166027&source=Newsfeed

Currently stock price is $10.21......

I'll be adding this as a buy pick as I expect the price to go up between now and March 8th.
Tags : TCCO  

2 Comment(s):

Author Gino     Date February 13, 2010 08:30 Abuse this post Report Abuse
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Ooops. Guess I can't add it here. I get the message.

"Picks disabled. Only stocks with a price above $1.50 and a market cap greater than $100 million can be rated."
Author InvestmentMAGE     Date June 25, 2010 12:51 Abuse this post Report Abuse
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Sorry Gino.

I think I fixed the problem

MAGE
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