Magic Software Enterprises Ltd. (NASDAQ:MGIC) is planning to reward its shareholders with cash dividend of $0.09 per share for the latter half of 2015. The company distributes dividends on a semi-annual basis. The newly declared dividend payout will cost the company a total of $4 million.

Who is captured? Magic Software Enterprises Ltd. (NASDAQ:MGIC) will make the dividend payment to all holders of its shares of close of business on March 2, 2016. The actual dividend distribution will take place on March 17, 2016.

Solid quarterly and annual results

Magic’s semi-annual dividend declaration follows a solid 4Q2015 and full-year 2015.

4Q2015 highlight:

For 4Q2015, Magic Software Enterprises Ltd. (NASDAQ:MGIC) reported that revenue rose 13% YoY to set a new quarterly record of $47.9 million. Discounting the impact of adverse forex fluctuation, revenue rose 15% to $49.1 million in the quarter. The management of Magic particularly blamed the devaluation of the Euro and Yen for the negative impact on the quarter’s topline.

Coming to the bottom-line, Magic posted adjusted net income of $5.6 million or $0.13 per share. That compared with adjusted net income of $5.7 million or $0.13 per share in a similar quarter a year earlier. Adverse forex movements also took the shine out of the quarter’s bottom-line metrics. Discounting the currency impacts, adjusted net income would have been $6.1 million or $0.14 per share.

Full-year results:

For the full-year, Magic Software Enterprises Ltd. (NASDAQ:MGIC) posted revenue of $176 million, reflecting a gain of 7% from the previous year. Devaluation of Israeli, European and Japanese currencies put a squeeze on the full-year topline. Without the currency impacts, revenue for 2015 would have risen 13% to $185 million.

Coming to the bottom-line, Magic posted adjusted 2015 net income of $21.7 million or $0.49 per share. That compared with a net income of $20.5 million or $0.47 per share in a similar quarter a year ago.

Total cash and equivalents at the end of 2015 was $77 million.