ITEX, the largest trade exchange in the U.S., announced that its
Board of Directors has approved a 60% increase in the quarterly cash
dividend to 4-cents per share (16-cents per share on an annual
basis). The next quarterly dividend will be paid on December 20,
2010, to stockholders of record as of the close of business on that
date.
�We continue to generate positive cashflow providing us the ability
to return more cash to stockholders, without jeopardizing future
strategic opportunities,� explained Steven White, ITEX Chairman and
CEO. �We have confidence in our operational performance going
forward, and we will manage available and future cash resources
wisely in order to deliver a consistent dividend that current and
future shareholders can rely upon.�
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