Bio-Techne Declares Dividend

Rhea-AI Summary

Bio-Techne Corporation (NASDAQ: TECH) has announced a quarterly dividend of $0.32 per share for the period ending March 31, 2021. This dividend will be paid on May 28, 2021 to shareholders recorded by May 17, 2021. The company, a global leader in life sciences, reported approximately $739 million in net sales for fiscal 2020 and employs over 2,300 people worldwide. The Board will continue to evaluate future dividends on a quarterly basis.

Positive

• Declaration of a $0.32 dividend per share enhances shareholder value.
• Consistent evaluation of future dividends indicates strong cash flow and management confidence.

Negative

• None.

MINNEAPOLIS, May 6, 2021 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH) announced that its Board of Directors has decided to pay a dividend of $0.32 per share for the quarter ended March 31, 2021. The quarterly dividend will be payable May 28, 2021 to all common shareholders of record on May 17, 2021. Future cash dividends will be considered by the Board of Directors on a quarterly basis.

Bio-Techne Corporation (NASDAQ: TECH) is a global life sciences company providing innovative tools and bioactive reagents for the research and clinical diagnostic communities. Bio-Techne products assist scientific investigations into biological processes and the nature and progress of specific diseases. They aid in drug discovery efforts and provide the means for accurate clinical tests and diagnoses. With thousands of products in its portfolio, Bio-Techne generated approximately $739 million in net sales in fiscal 2020 and has over 2,300 employees worldwide. For more information on Bio-Techne and its brands, please visit www.bio-techne.com.

Contact:	David Clair, Senior Director, Investor Relations & Corporate Development
	David.Clair@bio-techne.com
	612-656-4416

 

 

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SOURCE Bio-Techne Corporation

FAQ

When is the dividend payment date for Bio-Techne Corporation (TECH)?

The dividend payment date is set for May 28, 2021.

What is the amount of the dividend declared by Bio-Techne Corporation (TECH)?

Bio-Techne Corporation declared a dividend of $0.32 per share.

Who is eligible to receive the dividend from Bio-Techne Corporation (TECH)?

Shareholders on record by May 17, 2021 are eligible for the dividend.

What were Bio-Techne Corporation's net sales in fiscal 2020?

Bio-Techne Corporation generated approximately $739 million in net sales for fiscal 2020.

How often will Bio-Techne Corporation (TECH) consider dividends?

Dividends will be considered by the Board of Directors on a quarterly basis.