Electro Scientific Industries (ESIO +3.3%) gets a bump higher after its board authorizes a...

|About: Electro Scientific Industri... (ESIO)|By:, SA News Editor

Electro Scientific Industries (ESIO +3.3%) gets a bump higher after its board authorizes a quarterly cash dividend of $0.08 per share and a $20M stock buyback. The announcement comes as a relief after the company, which supplies laser-based manufacturing solutions for the microtechnology industry, reported a big drop in orders that warned of lean times to come over the near term.