A. H. Belo Corporation Announces Second Quarter 2021 Dividend

Rhea-AI Summary

A. H. Belo Corporation (NYSE: AHC) declared a quarterly cash dividend of $0.04 per share on March 4, 2021. This dividend will be payable on June 4, 2021 to shareholders of record as of May 14, 2021. The company continues to focus on delivering local news and information while expanding its presence in emerging media and digital marketing.

Positive

• Quarterly cash dividend of $0.04 per share demonstrates commitment to returning value to shareholders.

Negative

• No guarantee of future dividends due to economic uncertainties and risks outlined in the forward-looking statements.

DALLAS, March 05, 2021 (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 March 4, 2021. The dividend will be payable on June 4, 2021 to shareholders of record at the close of business on May 14, 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 A. H. Belo Corporation?

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

When will the dividend be paid?

The dividend will be payable on June 4, 2021.

What is the record date for the dividend payment?

Shareholders of record must be on the books by May 14, 2021.

Is the dividend sustainable for future quarters?

The company has indicated that future dividends are not guaranteed due to various economic risks.