Servidyne Raises Quarterly Cash Dividend, Declares Stock Dividend
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ATLANTA, June 6 GA-Servidyne-div-.04
ATLANTA, June 6 /PRNewswire-FirstCall/ -- SERVIDYNE, INC. (Nasdaq: SERV),
a building performance expert services and real estate company, today reported
that the Board of Directors declared a cash dividend in the amount of $.04 per
share, representing an 11.1% increase over the dividend paid in the prior
quarter. The dividend is payable on July 1, 2008, to shareholders of record on
June 17, 2008, and represents the Company's 116th consecutive quarterly cash
dividend.
The Company also announced that the Board of Directors declared a 5% stock
dividend whereby each shareholder of record on June 18, 2008, will receive one
additional share of stock for every twenty shares owned as of such date. The
additional shares will be distributed on July 1, 2008. A shareholder who would
otherwise be entitled to receive a fractional share will receive cash in lieu
of such fractional share in a proportional amount based on the closing price
of the stock on the record date.
Established in 1925 and operating nationwide and internationally,
Servidyne provides comprehensive energy efficiency, infrastructure upgrade,
and productivity management solutions to building owners and operators, and
engages in commercial real estate investment and development. The Company's
building performance products and services enable customers to optimize the
short-term and long-term financial performance of their building portfolios,
while reducing their carbon footprints and improving the comfort and
satisfaction of their buildings' occupants. These offerings include
comprehensive sustainability programs, energy engineering and energy
management analytical consulting services, turnkey implementation of energy
savings and other infrastructure upgrade and retrofit projects, and
proprietary Web/wireless preventive maintenance and service request systems
with integrated utility and maintenance reporting. The Company also owns or
controls shopping centers in the Midwest and Southeast and office properties
in metropolitan Atlanta, Georgia. For more information about Servidyne,
please visit www.servidyne.com or call 770-953-0304.
Certain statements contained in this news release are forward-looking
statements within the meaning of federal securities laws. Such
forward-looking statements involve known and unknown risks, uncertainties and
other matters, including the risks and uncertainties set forth under the
heading "Risk Factors" in the Company's Annual Report on Form 10-K, which may
cause the actual results, performance or achievement of Servidyne, Inc. to be
materially different from any past or future results, performance, or
uncertainties expressed or implied by such forward-looking statements.
Servidyne, Inc. does not undertake to update these forward-looking statements.
SOURCE Servidyne, Inc.
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