latest news releases from the newsroom
Sandy Spring Bancorp, Inc.
Sandy Spring Bancorp Announces 3rd Quarter Dividend
OLNEY, Md., Aug. 30, 2007 (PRIME NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq:SASR) the parent company of Sandy Spring Bank, announced that its Board of Directors has declared a regular quarterly dividend of $0.23 per share for the 3rd quarter of 2007. Compared to the third quarter of 2006, this third quarter dividend for 2007 represents an increase of $0.01 per share. Sandy Spring's dividend payout ratio is 45.10% (3rd Quarter 2007 Declared Dividend/2nd Quarter 2007 Reported Earnings per Share) and its annualized dividend yield is 2.92% (annualized 3rd Quarter Declared Dividend/Closing Stock Price reported on August 29, 2007). The dividend is payable on September 20, 2007 to shareholders of record as of the close of business on September 10, 2007.
Competitive Technologies, Inc.
Competitive Technologies Obtains License Rights to Innovative Surgical Device
FAIRFIELD, Conn., Aug. 30, 2007 (PRIME NEWSWIRE) -- Competitive Technologies, Inc. (AMEX:CTT) announced today that an agreement has been signed for exclusive worldwide rights to license and commercialize the patented Unitary Anastomotic Device (UAD), cylindrical, hollow prostheses for the surgical connection of separate or severed tubular hollow organs to form a continuous channel, as between two parts of vascular or visceral organs. The agreement provides for royalty sharing and an upfront fee to be paid to CTT.