10-Bagger Andor Set to Pay Maiden Dividend   

LONDON -- Shares in scientific digital camera manufacturer Andor  (LSE: AND.L  )  leapt more than 10% this morning to 425 pence at the time of writing, as the company's trading update announced it is to commence dividend payment.

The statement said: "We intend to adopt a progressive dividend policy which reflects the long-term earnings and cashflow potential of the Company, while taking into account acquisition and investment opportunities."

Chairman Colin Walsh commented:

While we experienced some challenges during the year, it is pleasing to now report that earnings are expected to be in line with the Board's expectations.  We believe the business remains well positioned for continued growth and this confidence is reflected in our recommendation to introduce a dividend.

The board will recommend the payment of a final dividend of "at least 2 pence per shares" in respect of the year ending Sept. 30 at the next annual general meeting, expected to be held in February 2013.

This comes off the back of results that indicate revenue will be marginally ahead of the previous year, with earnings in line with expectations. The better-than-expected news follows an announcement in June that sales would be down because of a slowdown in orders placed by two of the company's U.S. customers. However, new orders were placed to the value of $3.2 million, with further orders expected.

Long-term holders will be delighted with the news; Andor's shares were selling at a low of 42.50 pence in 2008 and have now 10-bagged to their current price in just four years.

If you are keen to earn such handsome profits from shares, this free Motley Fool report -- "10 Steps to Making a Million in the Market" -- can help you on your way. 

The report explains how tracking down small, dynamic companies is a vital step on the path to the magic million milestone. You never know, the next Andor could be out there right now ready to transform your wealth!

Investing is by no means easy in today's uncertain economy. That's why we've published "The Market's Top Sectors" -- our guide to three favorable industries. This free report will be dispatched immediately to your inbox.

Further Motley Fool investment opportunities:

Sam Robson does not own shares in any of the above companies. The Motley Fool has a disclosure policy.
We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2040118, ~/Articles/ArticleHandler.aspx, 10/25/2016 8:30:36 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,169.27 -53.76 -0.30%
S&P 500 2,143.16 -8.17 -0.38%
NASD 5,283.40 -26.43 -0.50%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes