Chicken Soup for the Soul Entertainment Announces Timing of Regular Monthly Dividend for August 2021 for Series A Cumulative Redeemable Perpetual Preferred Stock

Rhea-AI Summary

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) has announced the payment details for its regular dividend of $0.2031 per share on its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock. The dividends will be disbursed in cash on August 16, 2021, to shareholders on record by July 31, 2021. The company operates streaming video-on-demand networks and is a significant player in the advertising-supported media space.

Positive

• Regular monthly dividend of $0.2031 per share indicates strong shareholder return.
• Confirms financial stability with consistent dividend payments.

Negative

• None.

COS COB, Conn., July 16, 2021 (GLOBE NEWSWIRE) -- Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE, CSSEP, CSSEN), one of the largest operators of streaming advertising-supported video on-demand (“AVOD”) networks, today announced the timing for the payment of its declared regular monthly dividend of $0.2031 per share of its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock for August 2021. The dividend will be payable on August 16, 2021 to holders of record as of July 31, 2021. The dividend will be paid in cash.

ABOUT CHICKEN SOUP FOR THE SOUL ENTERTAINMENT

Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) (the “Company”) operates streaming video-on-demand networks (VOD). The Company owns Crackle Plus, which owns and operates a variety of ad-supported and subscription-based VOD networks including Crackle, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix and FrightPix. The Company also acquires and distributes video content through its Screen Media subsidiary and produces original long- and short-form content through Landmark Studio Group, Chicken Soup for the Soul Unscripted, APlus.com and Halcyon Television. Chicken Soup for the Soul Entertainment is a subsidiary of Chicken Soup for the Soul, LLC, which publishes the famous book series and produces super-premium pet food under the Chicken Soup for the Soul brand name.

FORWARD-LOOKING STATEMENTS

This press release includes forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are statements that are not historical facts. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of management and are not predictions of actual performance. Forward-looking statements are subject to known and unknown risks and uncertainties, including but not limited to those risks set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and the Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

INVESTOR RELATIONS
Taylor Krafchik
Ellipsis
csse@ellipsisir.com
(646) 776-0886

MEDIA CONTACT
Kate Barrette
RooneyPartners LLC
kbarrette@rooneypartners.com
(212) 223-0561

FAQ

When will Chicken Soup for the Soul Entertainment pay its next dividend?

The next dividend will be paid on August 16, 2021.

What is the amount of the dividend declared by CSSE?

The declared dividend amount is $0.2031 per share.

What is the record date for the upcoming dividend payment for CSSE?

The record date for the upcoming dividend payment is July 31, 2021.

What is the significance of the 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock?

This preferred stock provides investors with a fixed dividend yield and preference in dividends.

How often does Chicken Soup for the Soul Entertainment declare dividends?

Chicken Soup for the Soul Entertainment typically declares regular monthly dividends.