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MTS Increases Quarterly Dividend
Nov 30, 2010 (12:11 PM EST)
EDEN PRAIRIE, Minn., Nov. 30, 2010 /PRNewswire-FirstCall/ -- MTS Systems Corporation (Nasdaq: MTSC) today announced that its Board of Directors has increased the quarterly cash dividend by thirty-three percent to $0.20 per share. Laura B. Hamilton, chief executive officer and chair, said, "This increase reflects our confidence in our long-term market opportunities and our ability to continue to generate strong operating cash flow. We are pleased to make this additional commitment to our shareholders." The cash dividend will be as follows:
This is MTS Systems Corporation's 116th consecutive quarterly dividend.
About MTS Systems Corporation
MTS Systems Corporation is a leading global supplier of test systems and industrial position sensors. The Company's testing hardware and software solutions help customers accelerate and improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. MTS' high-performance position sensors provide controls for a variety of industrial and vehicular applications. MTS had 1,948 employees and revenue of $374 million for the fiscal year ended October 2, 2010. Additional information on MTS can be found on the worldwide web at http://www.mts.com.
SOURCE MTS Systems Corporation