Oramed declares cash dividend payment of 25c per share

Oramed’s (ORMP) Board of Directors has approved a cash dividend payment of 25c per share to reward shareholders. The dividend will have an ex-dividend date of January 16, with disbursement scheduled for January 26. The dividend is expected to result in an aggregate distribution of approximately $10.5M based on the current number of shares outstanding. The dividend will be funded with surplus capital.