Acorn International (ATV) Declares $0.75 Special One-Time Cash Dividend; 3% Yield

Acorn International (NYSE: ATV) declared a special dividend of $0.75 per share or $14.97 per ADS.

The dividend will be payable on June 22, 2018, to stockholders of record on June 4, 2018, with an ex-dividend date of June 1, 2018.

The annual yield on the dividend is 3 percent.

"Our shareholders have repeatedly pointed out the opportunity to unlock value on our balance sheet, create liquidity and return cash to shareholders. In response to this and following the recent sale of our wholly-owned Hong Kong subsidiary Bright Rainbow Investments Limited, and underlying non-core assets, in Q1 this year, our board has approved this return of capital to our shareholders," said Mr. Jacob A. Fisch, CEO and President of Acorn. "Looking ahead, our capital management plan will focus on additional ways to create value for our shareholders while pursuing our core strategy of profitably growing our legacy brands and incubating new businesses."

Acorn's Executive Chairman, Mr. Robert W. Roche commented, "This special cash dividend demonstrates our commitment to maximizing shareholder value, and we believe it is an appropriate way to reward our shareholders for their support."

For a dividend history and other dividend-related data on Acorn International (ATV) click here.

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