Jabil Circuit, Inc. (NYSE:JBL) has announced that its Board of Directors has declared a quarterly dividend of $0.l07 per share. The dividend will be payable to shareholders of record of February 16, 2010, on March 1, 2010. The declaration and payment of future dividends are discretionary and subject to determination of the company’s Board of Directors following the review of its financial performance.
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Jabil reported its 2010 first quarter revenue to be $3.1 billion, down from the year ago period’s $3.4 billion. It’s GAAP operating income for the quarter was $66.3 million, versus a loss of $240.0 million for the previous year’s comparable period. GAAP net income was recorded at $28.3 million, better than the net loss of $275.9 million for the 2009 first quarter.
Jabil Circuit, Inc. (Jabil) is a provider of worldwide electronic manufacturing services and solutions. The Company provides electronic design, production, product management and aftermarket services to companies in the aerospace, automotive, computing, consumer, defense, industrial, instrumentation, medical, networking, peripherals, storage and telecommunications industries. The Company’s services include integrated design and engineering; component selection, sourcing and procurement; automated assembly; design and implementation of product testing; parallel global production; enclosure services; systems assembly, direct order fulfillment and configure to order, and aftermarket services. Jabil conducts its operations in facilities that are located in Austria, Belgium, Brazil, China, England, France, Germany, Hungary, India, Ireland, Italy, Japan, Malaysia, Mexico, The Netherlands, Poland, Russia, Scotland, Singapore, Taiwan, Ukraine, the United States and Vietnam.
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