Tribune Publishing (TPCO) Declares $1.50 Special Dividend; 15.7% Yield

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Go back to Tribune Publishing (TPCO) Declares $1.50 Special Dividend; 15.7% Yield

Tribune Publishing Announces $1.50 Per Share Special Cash Dividend

May 30, 2019 9:01 AM EDT

CHICAGO, May 30, 2019 (GLOBE NEWSWIRE) -- Tribune Publishing Company (NASDAQ: TPCO) today announced that its Board of Directors has declared a special cash dividend of $1.50 per share, or approximately $56 million in the aggregate. The dividend will be payable on July 2, 2019 to Tribune Publishing common stock shareholders of record as of the close of business on June 12, 2019. The special dividend will be funded through existing cash on hand.

David Dreier, Tribune Publishing Chairman commented, Over the past year, we have taken advantage of opportunities to sell assets at favorable prices. This has allowed... More