New Skies Satellites Holdings Ltd. announced June 20 that its board of directors declared a dividend, a partial quarterly cash dividend for the period from May 13 to June 30 of about 25 cents per share. It is the first dividend declaration by N ew Skies since it held its initial public offering in May.

“I am very pleased with the progress we have made following our recent public offering,” New Skies CEO Daniel Goldberg said in a statement. “The initiation of our regularly quarterly cash dividend is a clear reflection of our confidence in our commercial prospects going forward and our ability to continue generating strong cash flows from operating activities.”

The company said it expects to pay dividends of about $1.85 per share for the first four full fiscal quarters.