Amino Technologies (AMO) is rewarding shareholders with a 50 per cent increase in the full-year dividend to 3p. The firm, which supplies internet-based TV equipment, says it expects the annual dividend to increase by a further 15 per cent over the next two years.
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The dividend hike was announced as part of a strong full-year trading update. Through continued strong cash conversion, Amino has increased its net cash by £3m to £17.1m since November 2011. Management attributes this to a focus on higher-margin business. To improve operational efficiency further, Amino says it will close its Swedish office in early 2013, focusing all its technical and development facilities at its Cambridge headquarters.
