Bolt Technology Turns To Profit In Q4; Boosts Dividend

(RTTNews) - Bolt Technology Corp. (BOLT) reported fourth-quarter net income of $1.91 million, or $0.22 per share, compared to net loss of $2.27 million or $0.26 per share in the comparable quarter last year.

Sales for the latest fourth quarter amounted to $17.92 million down from $15.46 million in the prior year quarter.

The company also announced that its Board of Directors has approved an increase in the company's quarterly dividend from $0.07 per common share to $0.09 per common share, payable on October 3, 2013 to stockholders of record on September 5, 2013.