23 June 2014
Online Vacation Center Holdings Corp. (OTCPK: ONVC) said it has announced its fiscal year 2013 results, a share repurchase, and a special annual cash dividend of USD0.02 per share on its outstanding shares of common stock.
This dividend will be payable on August 15, 2014 to stockholders of record at the close of business on June 30, 2014.
In announcing the special annual cash dividend, Edward B. Rudner, CEO said, “This action demonstrates our commitment to returning cash to our shareholders. The board of directors felt it was appropriate at this time to issue a special dividend because of the strength of our performance and our healthy cash balances. The board, while not committing to a regular dividend payment, will, however, consider cash dividends in the future as circumstances warrant.”
Online Vacation Center Holdings Corp. is a Florida holding company, focused on building a network of diversified vacation marketing entities with a wide range of products that can be cross-sold to an extensive customer base. Its website is at www.onlinevacationcenter.com/ir_home.cfm.