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Stellent Announces First Quarterly Cash Dividend
Stellent, Inc. (Nasdaq: STEL), a global provider of content management solutions, announced today its Board of Directors has declared a quarterly cash dividend of $0.03 per share, representing $0.12 per share on an annual basis. Subject to the determination that cash dividends continue to be in the best interest of the Company’s shareholders, the Stellent Board of Directors intends to declare a comparable quarterly dividend on an ongoing basis. The first quarterly dividend will be payable March 28, 2006 to shareholders of record as of March 16, 2006.
"Because of Stellent’s strong growth and increase in cash flow from operations, we are pleased to offer our shareholders their first quarterly dividend, which is a significant milestone for our company,” said Robert Olson, president and chief executive officer for Stellent. "We have worked hard to achieve the solid financial position Stellent enjoys today and believe it is important to share the company’s financial success with the shareholders who have supported us. We are confident in the ongoing success of our business model and currently believe Stellent will continue to produce cash flow from operations that will enable us to issue a cash dividend to our shareholders as well as capitalize on future growth opportunities.”
The total amount of the dividend payment will be based on the number of Stellent shares outstanding on the record date. The actual amount of the total dividend payment will be approximately $870,000. As of Dec. 31, 2005, Stellent’s cash and marketable securities position was approximately $76 million. 07.03.2006, Stellent GmbH
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