Lod, Israel - July 24, 2018 - AudioCodes (NASDAQ: AUDC) Press Release
AudioCodes, a leading vendor of advanced voice networking and media processing solutions for the digital workplace, today announced that its Board of Directors has decided on an annual dividend. The Board of Directors declared a cash dividend in the amount of 20 Cents per share and in the aggregate amount of approximately US $5.7 million. The Company expects to continue declaring annual dividends in the coming years.
The dividend is payable on August 20, 2018 to all of the Company’s shareholders of record at the close of trading on the NASDAQ Global Select Market on August 6, 2018.
In accordance with Israeli tax law, the dividend is subject to withholding tax at source at the rate of 30% (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) or 25% (for all other dividend recipients) of the dividend amount payable to each shareholder of record, subject to applicable exemptions.
The dividend will be paid in US dollars on the ordinary shares of AudioCodes Ltd. that are traded on the Nasdaq Global Select Market or the Tel-Aviv Stock Exchange.