Wed, Jul. 6, 4:45 PM
- Emcore (NASDAQ:EMKR) +12.2% AH following a trading halt, announcing that it has completed its strategic review and will distribute a $1.50/share special dividend.
- As part of its strategic review process, EMKR says it analyzed its products and evaluated its growth opportunities in existing and adjacent markets, concluding that it could fully leverage its core competency in Mixed-Signal Optics in both existing and new markets.
- EMKR says it has returned $85M of cash to its shareholders since June 2015, representing ~50% of the cash received from operations sold in the prior fiscal year.
Wed, Jul. 6, 4:13 PM