Andor jumps after announcing maiden divi

Andor Technology, the scientific digital cameras maker, has revealed that it will start paying dividends this year as it alleviated concerns about an order from a US customer.

Andor Technology, the scientific digital cameras maker, has revealed that it will start paying dividends this year as it alleviated concerns about an order from a US customer.

"Taking into account the company's financial position, the trading outlook and the views of shareholders, the board considers it appropriate to commence the payment of dividends. We intend to adopt a progressive dividend policy which reflects the long-term earnings and cashflow potential of the company, whilst taking into account acquisition and investment opportunities," the firm said on Tuesday morning.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.