BILLERICA, Mass.--(BUSINESS WIRE)--
Bruker Corporation (NASDAQ:BRKR) today announced that its Board of
Directors has approved the initiation of a dividend policy under which
the Company will target a cash dividend to the Company’s stockholders in
the amount of $0.16 per share per annum, payable in equal quarterly
installments.
The Company’s Board of Directors also declared an initial quarterly cash
dividend of $0.04 per share of common stock, payable on March 24, 2016
to stockholders of record as of the close of business on March 4, 2016.
Mr. Anthony Mattacchione, the Company’s Chief Financial Officer, said:
“The decision by Bruker’s Board of Directors to initiate a dividend
represents a significant milestone in the Company’s history, as it
demonstrates confidence in our growth prospects, free cash flow
generation and financial outlook over the long-term, and reinforces our
commitment to delivering value to our shareholders.”
Future dividend declarations and the establishment of record and payment
dates for future dividend payments, if any, are subject to the Board of
Directors’ continuing determination that the dividend policy is in the
best interests of the Company’s stockholders. The dividend policy may be
suspended or cancelled at the discretion of the Board of Directors at
any time.
About Bruker Corporation
For more than 50 years, Bruker has enabled scientists to make
breakthrough discoveries and develop new applications that improve the
quality of human life. Bruker’s high-performance scientific research
instruments and high-value analytical solutions enable scientists to
explore life and materials at molecular, cellular and microscopic levels.
In close cooperation with our customers, Bruker is enabling innovation,
productivity and customer success in life science molecular research, in
applied and pharma applications, and in microscopy, nano-analysis and
industrial applications, as well as in cell biology, preclinical
imaging, clinical research, microbiology and molecular diagnostics. For
more information, please visit: http://www.bruker.com.
Forward Looking Statements
This press release contains forward-looking statements, including, but
not limited to, statements regarding the expected future level and
timing of any dividend payments, the Company's commitment to paying
dividends at any level in the future, and the availability of funds for
the payment of dividends. These forward-looking statements are based on
current information and expectations, and involve a number of risks and
uncertainties. Actual future results and/or events may differ materially
from such expectations as a result of important risk factors, which
include, in addition to those identified in the Company’s Form 10-K for
the year ended December 31, 2014 and its other filings with the
Securities and Exchange Commission, a change in the Company's dividend
policy by the Company's Board of Directors (which has the ability in its
sole discretion to increase, decrease or eliminate entirely the
Company’s dividend at any time) and unanticipated material payment
obligations incurred by the Company that decrease the Company's
willingness or ability to pay dividends at the anticipated level and
timing, or at all. These risks and uncertainties could cause actual
results to differ materially from those referred to in these
forward-looking statements. The Company expressly disclaims any
obligation to update or revise these forward-looking statements, except
as otherwise specifically stated by the Company or as required by law or
regulation.
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Source: Bruker Corporation