Intevac, Inc. (NASDAQ:IVAC) to Issue $0.05 Special Dividend

Intevac, Inc. (NASDAQ:IVAC - Get Free Report) declared a special dividend on Friday, March 14th, RTT News reports. Shareholders of record on Monday, March 24th will be given a dividend of 0.052 per share by the electronics maker on Friday, March 28th.

Intevac Stock Performance

NASDAQ IVAC remained flat at $4.03 during trading hours on Friday. 448,103 shares of the company's stock traded hands, compared to its average volume of 394,082. Intevac has a one year low of $2.46 and a one year high of $4.42. The stock has a market cap of $109.49 million, a P/E ratio of -12.21 and a beta of 0.62. The firm has a fifty day moving average of $3.72 and a 200 day moving average of $3.40.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Intevac in a research note on Thursday. They issued a "sell" rating for the company.

About Intevac

Intevac, Inc, together with its subsidiaries, engages in the designing, developing, and manufacturing thin-film processing systems in the United States, Europe, and Asia. It designs, develops, and markets vacuum process equipment solutions for manufacturing small substrates with precise thin-film properties, such as hard disk drive, advanced coatings, and other adjacent thin-film markets.