Telular Corporation (NASDAQ:WRLS), a global leader in connecting businesses and machines over wireless networks, announced the declaration of a special one-time cash dividend of $1.00 per share on its common stock, payable November 22, 2010, to shareholders of record at the close of business on November 15, 2010.
Telular Corporation (WRLS) shares are seeing a huge rally following the announcement of fourth-quarter financial results. Shares were up 44.44% to $5.85, at last check, on above average volume of 1.18 million. The stock touched a 52-week high of $6.12 today. It has a 52-week range of $2.33-$6.12.
The company reported its fourth quarter financial results 2010, with net revenues at $12.0 million and for fiscal year 2010 of $47.4 million as compared to $12.2 million and $47.2 million in fourth quarter 2010 and fiscal year 2009 respectively. The total recurring service revenue was up 17% year-over-year to $7.2 million. The net income before non-cash items reported was $2.0 million compared to $1.9 million in the previous year.
Telular Corporation (WRLS) designs, develops and distributes products and services that utilize wireless networks to provide data and voice connectivity among people and machines. Telular’s product and service offerings develop cellular networking electronics with the data transport capabilities of commercial wireless networks in order to create information networking solutions.
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Disclosure: "No Positions"