Alliance Fiber Optic Products, Inc. (AFOP) Declares Annual Cash Dividend
November 07 2013 - 4:01PM
Alliance Fiber Optic Products, Inc. (Nasdaq:AFOP), an innovative
supplier of fiber optic components, subsystems and integrated
modules for the optical network equipment market, today declares an
annual cash dividend of $0.15 (Fifteen cents) per share to be paid
on December 23, 2013, to the record holders of AFOP common stock as
of the close of business on December 6, 2013. The last year annual
cash dividend was $0.125 (Twelve and one half cents), adjusted for
a two-for-one stock split occurring in August, 2013.
Peter Chang, President and Chief Executive Officer, commented,
"AFOP has been achieving record quarterly profits in the last two
quarters and is on the way to deliver record annual financial
performance. While our priority is to grow the business through
research and development or acquisition of businesses, we will use
additional resources to enhance shareholder value as well. We
believe that an annual cash dividend is appropriate and will
contribute to this goal, as we maintain our commitment to research
and development or possible merger and acquisition opportunities to
fuel our growth in the future." concluded Mr. Chang.
About AFOP
Founded in 1995, Alliance Fiber Optic Products, Inc. designs,
manufactures and markets a broad range of high performance fiber
optic components and integrated modules. AFOP's products are used
by leading and emerging communications equipment manufacturers to
deliver optical networking systems to the long-haul, enterprise,
metropolitan and last mile access segments of the communications
network. AFOP offers a broad product line of passive optical
components including interconnect systems, couplers and splitters,
thin film CWDM and DWDM components and modules, optical
attenuators, and micro-optics devices. AFOP is headquartered in
Sunnyvale, California, with manufacturing and product development
capabilities in the United States, Taiwan and China. AFOP's website
is located at http://www.afop.com.
Except for the historical information contained herein, the
matters set forth in this press release, including statements as to
our expectations regarding future revenue levels, profits, margins,
and sales and the time periods thereof and our beliefs regarding
demand for data communications and growth in the fiber optics
industry are forward looking statements within the meaning of the
"safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are subject to
risks and uncertainties that may cause actual results to differ
materially, including, but not limited to general economic
conditions and trends, trends in demand for bandwidth, the impact
of competitive products and pricing, timely introduction of new
technologies, timely design acceptance by our customers, the
acceptance of new products and technologies by our customers,
customer demand for our products, the timing of customer orders,
loss of key customers, our ability to ramp new products into volume
production, the mix of products sold and product pricing, the costs
associated with running our operations, industry-wide shifts in
supply and demand for optical components and modules, industry
overcapacity and demand for bandwidth, the success of cost control
initiatives, our ability to obtain and maintain operational
efficiencies, financial stability in foreign markets, and other
risks detailed from time to time in our SEC reports, including
AFOP's quarterly report on Form 10-Q for the quarter ended June 30,
2013. These forward-looking statements speak only as of the date
hereof. AFOP disclaims any intention or obligation to update or
revise any forward-looking statements.
CONTACT: Anita Ho
Acting Chief Financial Officer
Alliance Fiber Optic Products, Inc.
Phone: 408-736-6900 x168
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