Laser Precision said it will distribute a stock dividend of one share for every 10 shares of common stock to shareholders of record as of Nov. 30. The dividend will be distributed Dec 15.
The company has 3.1 million shares outstanding.
Laser Precision, an Irvine-based manufacturer of test and measurement instruments, said the dividend was to show appreciation for shareholders' support and was appropriate in light of the company's growth in the past few years and anticipated future sales and earnings. Last year, Laser Precision reported earnings of $1.3 million on revenues of $16 million.