October 22, 2010 (FinancialWire) (http://www.financialwire.net/) — Optical Cable Corp. (NASDAQ: OCCF) said that it is initiating a quarterly cash dividend to shareholders for the first time in the company's history.  OCC's board of directors declared a cash dividend of $0.01 per share on the company's common stock at its meeting on October 15.

The dividend will be paid on December 15, 2010 to shareholders of record on November 5, 2010.  

OCC said it anticipates paying a cash dividend each quarter, with expected dividend payment dates in March, June, September and December of each year.   The first dividend implies an annual cash dividend rate of $0.04 per common share.

Virginia-based Optical Cable is a manufacturer of a range of fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market.

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