Chicken Soup for the Soul Entertainment Announces Timing of Regular Monthly Dividend for November 2020 for Series A Cumulative Redeemable Perpetual Preferred Stock

Rhea-AI Summary

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) has announced a regular monthly dividend payment of $0.2031 per share for its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend will be paid on November 16, 2020, to shareholders recorded as of October 31, 2020. The company operates various streaming video-on-demand networks and holds a significant stake in Crackle Plus, among others, contributing to its market presence.

Positive

• Declaration of a monthly dividend of $0.2031 per share signifies stable income for shareholders.
• Dividend payment date set for November 16, 2020, ensuring timely returns for investors.

Negative

• None.

COS COB, Conn., Oct. 19, 2020 (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 November 2020. The dividend will be payable on November 16, 2020 to holders of record as of October 31, 2020. 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 a majority stake in Crackle Plus, a company formed with Sony Pictures Television, 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, its Chicken Soup for the Soul Originals division and APlus.com. 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 that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks (including those set forth in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 30, 2020) and uncertainties which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations 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. Investors should realize that if our underlying assumptions for the projections contained herein prove inaccurate or that known or unknown risks or uncertainties materialize, actual results could vary materially from our expectations and projections.

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

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

FAQ

What is the dividend amount for Chicken Soup for the Soul Entertainment for November 2020?

The dividend amount is $0.2031 per share.

When will the dividend be paid by Chicken Soup for the Soul Entertainment?

The dividend will be paid on November 16, 2020.

What is the record date for the November 2020 dividend for CSSE, CSSEP, CSSEN?

The record date is October 31, 2020.

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

The company declares regular monthly dividends.

Is the dividend from Chicken Soup for the Soul Entertainment sustainable?

The press release did not provide specific details on the sustainability of the dividend.