Printer Friendly

INTELLIGENT ELECTRONICS ANNOUNCES QUARTERLY DIVIDEND POLICY

 EXTON, Pa., July 6 /PRNewswire/ -- Intelligent Electronics, Inc. (NASDAQ-NMS: INEL), announced today that its board of directors has established a quarterly cash dividend policy and declared a cash dividend of 8 cents per share of common stock, payable Sept. 1 to holders of record on Aug. 18, 1993.
 According to Richard D. Sanford, Intelligent's chairman and chief executive officer, today's announcement reflects the company's confidence in its sustained growth and demonstrates its on-going commitment to sharing with stockholders and maximizing shareholder value. Said Sanford, "Intelligent enjoys the unique position of growing substantially while simultaneously generating significant cash flows. We anticipate the dividend policy will enable a new set of shareholders who require a quarterly income stream to participate in our company's growth."
 Intelligent Electronics comprises the nation's leading delivery system of technology products and services. The company operates two divisions: The Reseller Network Division (RND) and InteLogistics. The Reseller Network Division is composed of systems specialists in more than 900 communities throughout all 50 states of the nation. RND's network provides technology solutions to education, government and large and small businesses. InteLogistics provides intra-company and third party logistics and customer fulfillment services.
 /delval/
 -0- 7/6/93
 /CONTACT: Patrice Johnson, vp-corporate communications & marketing, 215-458-6706, or Stephanie Cohen, vp-investor relations, 215-458-6603, both of Intelligent Electronics/
 (INEL)


CO: Intelligent Electronics, Inc. ST: Pennsylvania IN: REA SU: DIV

MP-MJ -- PH002 -- 8464 07/06/93 07:00 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 6, 1993
Words:234
Previous Article:DEBRA DIMAGGIO APPOINTED PR NEWSWIRE BOSTON BUREAU MANAGER
Next Article:APPLE TO RESTRUCTURE OVER NEXT 12 MONTHS
Topics:


Related Articles
TEXAS INSTRUMENTS DECLARES QUARTERLY DIVIDEND
INTELLIGENT ELECTRONICS REPORTS 408 PERCENT INCREASE IN EARNINGS
INTELLIGENT ELECTRONICS DECLARES DIVIDEND
INTELLIGENT ELECTRONICS DECLARES DIVIDEND
INTELLIGENT ELECTRONICS BOOSTS DIVIDEND 25 PERCENT Board Changes Policy; Increases Dividend to 10 Cents Per Share
INTELLIGENT ELECTRONICS DECLARES DIVIDEND
INTELLIGENT ELECTRONICS LAUNCHES PROGRAM TO BOOST SALES
INTELLIGENT ELECTRONICS DECLARES DIVIDEND
INTELLIGENT ELECTRONICS DECLARES DIVIDEND
INTELLIGENT ELECTRONICS SUSPENDS DIVIDEND

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters