DETROIT, May 16, 2013 (GLOBE NEWSWIRE) -- On May 16, 2013, the Board of Directors of Compuware Corporation (Nasdaq:CPWR), the technology performance company, declared its first quarterly cash dividend of $0.125 per common share, to be paid June 19, 2013, to shareholders of record at the close of business on June 5, 2013.
"Today's declaration by the Board begins to fulfill one of the important shareholder value creation actions Compuware announced in January, the return of capital to shareholders," said Compuware Chief Executive Officer Bob Paul. "The initiation of a dividend reflects the momentum of the Company's strategy and the progress we have made, including the successful transformation to high-growth businesses and the stabilization of our mainframe business. We are confident that this action, combined with the steps we are taking to reduce expenses and drive growth and profitability, will provide significant near-term return as well as future upside to our shareholders."
Compuware Corporation
Compuware Corporation, the technology performance company, makes technology make a difference by providing software, experts and best practices to ensure technology works well and delivers value. Compuware solutions make the world's most important technologies perform at their best for leading organizations worldwide, including 46 of the top 50 Fortune 500 companies and 12 of the top 20 most visited U.S. web sites. Learn more at: http://www.compuware.com.
Press Contact
Lisa Elkin, Senior Vice President, Investor Relations, Marketing and Communications +1-313-227-7345
Certain statements in this release that are not historical facts, including those regarding the Company's future plans, objectives and expected performance, are "forward-looking statements" within the meaning of the federal securities laws. These forward-looking statements represent our outlook only as of the date of this release. While we believe any forward-looking statements we have made are reasonable, actual results could differ materially since the statements are based on our current expectations and are subject to risks and uncertainties. These risks and uncertainties are discussed in the Company's reports filed with the Securities and Exchange Commission. Readers are cautioned to consider these factors when relying on such forward-looking information. The Company does not undertake, and expressly disclaims any obligation, to update or alter its forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.