INDIANAPOLIS - Hurco Companies, Inc. (NASDAQ:HURC), a global industrial technology firm, has declared a quarterly cash dividend of $0.16 per share on its common stock, as confirmed by its Board of Directors today. This dividend is scheduled for payment on April 12, 2024, to shareholders who are on record by the end of business on March 29, 2024.
The company, which specializes in the production and sale of computer numeric control (CNC) machine tools under three brands, Hurco, Milltronics, and Takumi, serves various sectors including aerospace, defense, medical equipment, energy, transportation, and computer equipment. These industries often require precision parts, tools, dies, and molds, which Hurco’s products help manufacture.
Hurco's proprietary software is a notable feature of its Hurco and Milltronics brand machines, while its Takumi brand offers flexibility with third-party industrial controls. Beyond machine tools, Hurco also produces high-value components, accessories, and provides automation solutions compatible with any machine tool.
The company has a global footprint with manufacturing operations in Taiwan, Italy, the U.S., and China, and extends its sales and service through both direct and indirect channels across the Americas, Europe, and Asia. Hurco has additional support subsidiaries in various countries, including China, the Czech Republic, England, France, Germany, India, Italy, the Netherlands, Poland, Singapore, the U.S., and Taiwan.
It's important to note that future dividends are subject to Board approval and may be adjusted based on the company's needs or market conditions. This announcement is based on a press release statement and does not constitute an endorsement of Hurco's market position or future prospects.
The information provided is intended for general news purposes and does not imply any recommendation or advice regarding Hurco Companies, Inc. or its securities.
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