A. H. Belo Corporation Announces First Quarter 2021 Dividend

Rhea-AI Summary

A. H. Belo Corporation (NYSE: AHC) announced a quarterly cash dividend of $0.04 per share on December 3, 2020. The dividend will be payable on March 5, 2021, to shareholders recorded by the close of business on February 12, 2021. A. H. Belo is a major local news publisher in Texas and is expanding in digital marketing and media. The company warns that future dividends depend on various risks, including advertising demand and the COVID-19 pandemic's impact.

Positive

• Quarterly cash dividend of $0.04 per share is declared, providing a return to shareholders.
• The company is expanding its presence in digital marketing, which may enhance future revenue.

Negative

• Dividend payments are subject to approval by the Board of Directors in future quarters.
• The company faces risks from advertising demand fluctuations and the ongoing impacts of COVID-19.

DALLAS, Dec. 04, 2020 (GLOBE NEWSWIRE) -- A. H. Belo Corporation (NYSE: AHC) announced today that the Company’s Board of Directors declared a quarterly cash dividend of $0.04 per share on December 3, 2020. The dividend will be payable on March 5, 2021 to shareholders of record at the close of business on February 12, 2021.

About A. H. Belo Corporation

A. H. Belo Corporation is the leading local news and information publishing company in Texas. The Company has a growing presence in emerging media and digital marketing, and maintains capabilities related to commercial printing, distribution and direct mail. A. H. Belo delivers news and information in innovative ways to a broad range of audiences with diverse interests and lifestyles. For additional information, visit www.ahbelo.com or email invest@ahbelo.com.

Statements in this communication concerning A. H. Belo Corporation’s business outlook or future economic performance, revenues, expenses, and other financial and non-financial items that are not historical facts, including statements of the Company’s expectations relating to its plans to regain NYSE compliance, are “forward-looking statements” as the term is defined under applicable federal securities laws. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those statements. Such risks, trends and uncertainties are, in most instances, beyond the Company’s control, and include changes in advertising demand and other economic conditions; consumers’ tastes; newsprint prices; program costs; labor relations; cybersecurity incidents; technology obsolescence; and the current and future impacts of the COVID-19 public health crisis. Among other risks, there can be no guarantee that the board of directors will approve a quarterly dividend in future quarters; as well as other risks described in the Company’s Annual Report on Form 10-K and in the Company’s other public disclosures and filings with the Securities and Exchange Commission. Forward-looking statements, which are as of the date of this filing, are not updated to reflect events or circumstances after the date of the statement.

Contact:
Katy Murray
214-977-8869

 

FAQ

What is the dividend amount declared by AHC?

A. H. Belo Corporation declared a quarterly cash dividend of $0.04 per share.

When will the AHC dividend be paid?

The dividend will be payable on March 5, 2021.

What is the record date for AHC's dividend?

The record date for the dividend is February 12, 2021.

What are the risks associated with AHC's future dividends?

Future dividends are subject to approval by the Board and depend on advertising demand and economic conditions.