Loral Space & Communications (LORL) Declares $5.50 Special Dividend; 31.4% Yield; in Advanced Talks with Telesat

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Go back to Loral Space & Communications (LORL) Declares $5.50 Special Dividend; 31.4% Yield; in Advanced Talks with Telesat

Loral Declares Special Dividend Of $5.50 Per Share

April 30, 2020 11:15 AM EDT

NEW YORK, April 30, 2020 /PRNewswire/ -- Loral Space & Communications Inc. (NASDAQ: LORL) today announced that its Board of Directors has declared a special dividend of $5.50 per share for an aggregate dividend of approximately $170.5 million.  The dividend is payable on May 28, 2020 to holders of record of Loral voting and non-voting common stock as of the close of business on May 14, 2020.  As of April 29, 2020, there were outstanding 21,427,078 shares of Loral voting common stock, 9,505,673 shares of Loral non-voting common stock and 75,262 restricted stock units.

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