ReposiTrak Raises Quarterly Dividend 11% to $0.02, Third Increase Since 2022
ReposiTrak, Inc. (NYSE: TRAK), a food traceability and compliance software provider, declared a quarterly dividend of $0.02 per share, up from $0.018. The dividend will be paid February 14, 2026 to shareholders of record on December 31, 2025.
ReposiTrak, Inc. (NYSE: TRAK), a food traceability and regulatory compliance software company, declared a quarterly dividend of $0.02 per share on December 19, 2025, representing an 11% increase from the prior quarter's $0.018 per share. The dividend marks the third consecutive 10% increase since the company established its dividend program in September 2022. Read more dividend announcements.
The dividend will be paid on February 14, 2026 to shareholders of record as of December 31, 2025. At the new quarterly rate, the annualized dividend stands at $0.08 per share. The company said subsequent dividends will be paid within 45 days of each fiscal quarter end.
| Dividend Details | |
|---|---|
| Amount | $0.02 per share |
| Previous Amount | $0.018 per share |
| Increase | 11% |
| Annualized Dividend | $0.08 per share |
| Record Date | December 31, 2025 |
| Payment Date | February 14, 2026 |
Second Quarter Financial Performance
The dividend increase accompanied strong second quarter fiscal 2026 results. Revenue rose 7% to $5.9 million from $5.5 million in the prior-year period. Operating income surged 34% to $1.8 million from $1.4 million, producing a 31% operating margin. Operating expenses declined 2% to $4.0 million from $4.1 million.
Net income increased 9% to $1.7 million from $1.6 million. Net income to common shareholders climbed 13% to $1.6 million, or $0.09 per diluted share, compared to $1.5 million, or $0.08 per diluted share, in the year-ago quarter.
The company ended the quarter with $28.7 million in cash and no bank debt, up slightly from $28.6 million at June 30, 2025. Cash from operations totaled $3.8 million for the first six months of fiscal 2026.
Capital Allocation Programs
During the second quarter, ReposiTrak redeemed 70,093 preferred shares at the stated redemption price of $10.70 per share for a total of $749,995. The company has 195,912 Series B preferred shares outstanding as of December 31, 2025, with $2.1 million remaining for future redemptions. Management said it expects to redeem all remaining preferred shares on or before September 2026.
The company also repurchased 79,927 common shares during the quarter at an average price of $13.75 per share for a total of $1,098,608. Since inception of the buyback program, ReposiTrak has repurchased and canceled 2.22 million common shares for $14.5 million at an average price of $6.52 per share. Approximately $6.5 million remains under the $21 million buyback authorization approved by the board and shareholders.