A. H. Belo Corporation Announces Third Quarter 2021 Dividend

Rhea-AI Summary

A. H. Belo Corporation (NYSE: AHC) has declared a quarterly cash dividend of $0.04 per share on May 13, 2021. This dividend is set to be payable on September 3, 2021, to shareholders of record as of August 13, 2021. The company noted that the dividend amount may be adjusted in the event of a reverse stock split prior to the record date. A. H. Belo is recognized as the leading local news publisher in Texas, focusing on innovative news delivery and digital marketing.

Positive

• Dividend declared at $0.04 per share, providing income for shareholders.
• Company's growing presence in emerging media and digital marketing.

Negative

• Forward-looking statements indicate risk of not guaranteeing future dividends.
• Potential impact from economic conditions, advertising demand, and COVID-19 uncertainties.

DALLAS, May 13, 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 May 13, 2021. The dividend will be payable on September 3, 2021 to shareholders of record at the close of business on August 13, 2021. The Company expects the current amount of the dividend to be proportionately adjusted in the event a reverse stock split is effectuated prior to the record date.

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 quarterly cash dividend of $0.04 per share.

When is the dividend payable?

The dividend will be payable on September 3, 2021.

What is the record date for the dividend?

The record date for the dividend is August 13, 2021.

Will the dividend amount change?

Yes, the dividend amount may be adjusted in case a reverse stock split occurs prior to the record date.

What risks does A. H. Belo Corporation face regarding future dividends?

The company faces risks including changes in advertising demand and economic conditions that may affect future dividend declarations.