ON24, Inc. (ONTF) Declares $1.09 Special Dividend; 13% Yield

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Go back to ON24, Inc. (ONTF) Declares $1.09 Special Dividend; 13% Yield

ON24 Declares Special Cash Dividend

May 8, 2023 4:15 PM EDT

SAN FRANCISCO--(BUSINESS WIRE)-- ON24 (NYSE: ONTF) (ON24 or the Company), today announced that its Board of Directors has declared a one-time, special cash dividend on the Companys outstanding common shares of $1.09 per share, to all common shareholders of record as of the close of business on May 22, 2023, payable on or about June 15, 2023. The special cash dividend is expected to result in an aggregate distribution of approximately $50 million.

Sharat Sharan, co-founder, CEO and director of ON24, said, We are pleased to make this special cash distribution, which is a key component of our... More