Electro Scientific Industries will begin paying a quarterly dividend to shareholders, nearly unheard of for Oregon’s big tech companies.
Electro Scientific Industries will begin paying a quarterly dividend to shareholders, nearly unheard of for Oregon’s big tech companies.
ESI, based in Washington County, makes production equipment for computer chip companies and other electronics manufacturers. The company had $203 million in cash and short-term investments at the start of October, a huge trove for a company that reported less than $82 million in revenue during the prior quarter.
“Our strong cash balance and our history of cash generation provide us the means to fund our growth strategy as well as return cash to shareholders,” Nick Konidaris, ESI’s chief executive, said in a written statement.
Read more at OregonLive.com.
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