ITEX Continues Paying Cash Dividend To Shareholders
ITEX Corporation (OTCBB:ITEX), announced that its Board of Directors
has approved a quarterly cash dividend of 2.5-cents to its
shareholders. The quarterly cash dividend will be paid to
shareholders of record as of the close of business on September 10,
2010. Thereafter, the company plans to continue to pay regular
quarterly dividends of 2.5-cents per share, or 10-cents per share
annually. Future dividends will be subject to Board approval after
its review of the company’s financial performance.
“This is our second consecutive quarterly dividend and we are very
pleased that our strong operations allow us to return cash to our
shareholders, as well as invest in our technology infrastructure to
benefit our franchisees and trading community,” said Steven White,
Chairman and CEO of ITEX, based in Bellevue (WA).
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