ANAHEIM, Calif.--([ BUSINESS WIRE ])--DDi Corp. (NASDAQ:DDIC), a leading provider of time-critical, technologically advanced electronic interconnect design, engineering and manufacturing services, today announced that its Board of Directors has approved the initiation of a cash dividend to its shareholders. The quarterly dividend of $0.06 per share will be paid on July 6, 2010, to shareholders of record on the close of business on June 21, 2010. While it is the Board of Directors' intention that a dividend in this amount will continue to be paid on a quarterly basis, future declaration of quarterly dividends are subject to Board approval.
Mikel Williams, President and Chief Executive Officer of DDi Corp., stated, aThe announcement of our first ever common stock dividend reflects the progress we have made in building a strong company and underscores our confidence in our business prospects and our future cash flow generation capabilities. Over the last three years we have repurchased $16.3 million of our shares in the open market, purchased Coretec Inc., and invested over $22 million in capital to strengthen our capabilities. We remain committed to enhancing shareholder value and are especially pleased we are able to continue to support our business while returning cash to our shareholders.a
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding the Companya�s assumptions, projections, expectations, targets, intentions or beliefs about future events. Words or phrases such as aanticipates,a abelieves,a aestimates,a aexpects,a aintends,a aplans,a apredicts,a aprojects,a atargets,a awill likely result,a awill continue,a amay,a acoulda or similar expressions identify forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results or outcomes to differ materially from those expressed. The Company cautions that while it makes such statements in good faith and it believes such statements are based on reasonable assumptions, including without limitation, managementa�s examination of historical operating trends, data contained in records, and other data available from third parties, it cannot assure you that the Companya�s projections will be achieved. In addition to other factors and matters discussed from time to time in the Companya�s filings with the U.S. Securities and Exchange Commission, or the SEC, some important factors that could cause actual results or outcomes for DDi or its subsidiaries to differ materially from those discussed in forward-looking statements include changes in general economic conditions in the markets in which it may compete and fluctuations in demand in the electronics industry; the Company's ability to sustain historical margins; changes in the Companya�s cash balances and cash requirements; increased competition; increased costs; loss or retirement of key members of management; currency exchange rate fluctuations; integration of acquired operations; international operations; compliance with environmental regulations; increases in the Companya�s cost of borrowings or unavailability of additional debt or equity capital on terms considered reasonable by management; and adverse state, federal or foreign legislation or regulation or adverse determinations by regulators. Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all such factors.