AudioCodes declares 20c per share cash dividend

AudioCodes (AUDC) also announced that the company’s board of directors has declared a cash dividend in the amount of 20c per share. The aggregate amount of the dividend is approximately $5.7M. The dividend is payable on August 28 to all of the company’s shareholders of record at the close of trading on the Nasdaq Global Select Market on August 14. In accordance with Israeli tax law, the dividend is subject to withholding tax at source at the rate of 25% of the dividend amount payable to each shareholder of record, subject to applicable exemptions. If the recipient of the dividend is at the time of distribution or was at any time during the preceding 12-month period the holder of 10% or more of the company’s share capital, the withholding rate is 30%. The dividend will be paid in U.S. dollars on the ordinary shares of AudioCodes that are traded on the Nasdaq Global Select Market or the Tel-Aviv Stock Exchange. The amount and timing of any other dividends will be determined by the Board.