TechFinancials to receive $1 Million dividend pay-out from DragonFinancials
TechFinancials Inc. (AIM: TECH), a leading technology provider to financial trading brokers, has issued a press release to announce a dividend pay-out by its subsidiary, DragonFinancials.
The board of directors of DragonFinancials have declared an interim dividend pay-out of US$2,000,000, payable by 9 December 2016, in respect of the nine-month period ended 30 September 2016. Out of the total pay-out amount the Company is expected to receive US$1,020,000 in line with its 51% holding in the subsidiary.
The Board of the Company will review early in the New Year its intention to return to paying a dividend to its shareholders.