UPDATE: Tribune Publishing (TPCO) Initiates $0.25 Quarterly Dividend; 10.4% Yield

Tribune Publishing (NASDAQ: TPCO) declared a quarterly dividend of $0.25 per share, or $1 annualized.

Board of Directors has approved the initiation of a cash dividend program under which Tribune Publishing intends to declare regular quarterly cash dividends to its shareholders.

The dividend will be payable on December 10, 2019, to stockholders of record on November 25, 2019, with an ex-dividend date of November 22, 2019.

The annual yield on the dividend is 10.4 percent.

“The Board’s decision to institute a regular cash dividend reflects the Company’s financial strength, flexibility and confidence in its strategic plan,” said David Dreier, Tribune Publishing Chairman. “We intend to enhance long-term shareholder value through strong operational performance and cash flow generation, as well as prudent capital allocation, which includes returning cash to investors.”

For a dividend history and other dividend-related data on Tribune Publishing (TPCO) click here.

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