ClearOne Increases Quarterly Cash Dividend

Quarterly Cash Dividend to increase from 3.5 cents a share to 5 cents a share

12 Nov, 2015, 10:41 ET from ClearOne

SALT LAKE CITY, Nov. 12, 2015 /PRNewswire/ -- ClearOne (NASDAQ: CLRO) today announced that its Board of Directors has approved an increased quarterly dividend of $0.05 per share of ClearOne common stock. This increased dividend will be paid beginning the fourth quarter of 2015, payable on December 21, 2015 to shareholders of record on December 4, 2015.

The company expects that it will maintain this program of paying dividends on a quarterly basis; however, the declaration of dividends in the future is subject to the discretion of the ClearOne Board of Directors, which will evaluate the company's dividend program from time-to-time based on factors that the Board of Directors deem relevant.

About ClearOne

ClearOne is a global company that designs, develops, and sells conferencing, collaboration, streaming, and digital signage solutions for voice and visual communications. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. More information about the company can be found at www.ClearOne.com.

© Copyright 2015, ClearOne, Inc. All rights reserved. ClearOne®, the ClearOne logo, and the names and marks associated with ClearOne's products are trademarks and/or service marks of ClearOne, Inc. and are registered and/or common-law marks in the United States and various other countries. All other trademarks are property of their respective owners.

This release contains "forward-looking" statements that are based on present circumstances and on ClearOne's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements, including the expected future payment of dividends and any statements of the plans and objectives of management for future operations and forecasts of future growth and value, are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements. Such forward-looking statements are made only as of the date of this release and ClearOne assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements.

Contact:  Joel Borgmeier  Investor Relations 1-801-975-7200  Investor_relations@clearone.com

 

SOURCE ClearOne



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