Fisher Communications, Inc. (FSCI) Declares $10.00/Share Special Dividend; 29.6% Yield
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Fisher Communications, Inc. (NASDAQ: FSCI) declared a special dividend of $10.00 per share.
The dividend will be payable on October 19, 2012, to stockholders of record on September 28, 2012.
The annual yield on the dividend is 29.6 percent.
The Board also approved a dividend policy under which the Company intends to pay a quarterly cash dividend beginning in the fourth quarter of 2012. The Company expects the initial quarterly dividend rate to be $0.15 per share.
Commenting on the Board's actions, Paul A. Bible, Chairman of Fisher's Board of Directors, said, "Fisher is committed to creating shareholder value, and the Board's approval of a special dividend and a quarterly dividend policy reflects our continued focus to deliver on that commitment. The special dividend is an opportunity to efficiently return capital to all of our investors following the sale of Fisher Plaza. The quarterly dividend policy reflects our confidence that the successful execution of our strategic plan will continue to generate the strong cash flows that will enable us to invest in the business while returning excess cash to our shareholders."
For a dividend history and other dividend-related data on Fisher Communications, Inc. (FSCI) click here.
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The dividend will be payable on October 19, 2012, to stockholders of record on September 28, 2012.
The annual yield on the dividend is 29.6 percent.
The Board also approved a dividend policy under which the Company intends to pay a quarterly cash dividend beginning in the fourth quarter of 2012. The Company expects the initial quarterly dividend rate to be $0.15 per share.
Commenting on the Board's actions, Paul A. Bible, Chairman of Fisher's Board of Directors, said, "Fisher is committed to creating shareholder value, and the Board's approval of a special dividend and a quarterly dividend policy reflects our continued focus to deliver on that commitment. The special dividend is an opportunity to efficiently return capital to all of our investors following the sale of Fisher Plaza. The quarterly dividend policy reflects our confidence that the successful execution of our strategic plan will continue to generate the strong cash flows that will enable us to invest in the business while returning excess cash to our shareholders."
For a dividend history and other dividend-related data on Fisher Communications, Inc. (FSCI) click here.
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