Time (TIME) Declares $0.19 Quarterly Dividend; 3.6% Yield
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Time Inc. Reports First Quarter 2015 Results
May 7, 2015 6:00 AM EDTFirst Quarter Highlights
Company posted Revenues of $680 million and Adjusted OIBDA of $51 million in the first quarter of 2015. Adjusted OIBDA performance reflected strong digital advertising growth and significant benefits from efficiency efforts. Cash and cash equivalents at March 31, 2015 were $458 million. On May 7, 2015, our Board of Directors declared a quarterly dividend of $0.19 per common share to stockholders of record as of the close of business on May 29, 2015, payable June 15, 2015. We have listed for sale the Blue Fin building, our... MoreTime Inc. Board Declares Regular Quarterly Dividend of $0.19 Per Share
May 7, 2015 6:00 AM EDTNEW YORK--(BUSINESS WIRE)-- The Time Inc. (NYSE: TIME) Board of Directors today declared a regular quarterly cash dividend of $0.19 per share payable on June 15, 2015 to all common stockholders of record at the close of business on May 29, 2015.
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