For the first time in its history, multisolution provider CUSO Xtend Inc. said it recently declared a stock dividend return to its 52 owners.
The Grand Rapids, Mich.-based Xtend, which completed its 2010 fiscal year Sept. 30, said it released its final audited financials to stockholders on Dec. 7 along with the dividend of 3%.
In a letter to the CUSO's owners, Xtend President Scott Collins said "2010 was a year of firsts and this is a big moment for our CUSO. What started as a vision and twelve organizations throwing $5,000 into a hat to create something new for our industry has developed into a trusted partner for more than 120 of your peers."
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