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

Rhea-AI Summary

Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) has declared a monthly dividend of $0.2031 per share for its Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend, yielding 9.75%, will be payable on January 15, 2021, to shareholders of record as of December 31, 2020. The payment will be made in cash, reflecting the company's ongoing commitment to providing returns to its investors.

Positive

• Regular monthly dividend of $0.2031 per share indicates financial stability.
• 9.75% yield reflects confidence in cash flow management.

Negative

• None.

COS COB, Conn., Dec. 18, 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 January 2021. The dividend will be payable on January 15, 2021 to holders of record as of December 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) 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, 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 for the year ended December 31, 2019 and Quarterly Report on Form 10-Q for the nine-month period ended September 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

When is the dividend payment date for CSSE, CSSEP, CSSEN?

The dividend payment date is January 15, 2021.

What is the amount of the dividend declared by Chicken Soup for the Soul Entertainment?

The declared dividend amount is $0.2031 per share.

Who is eligible to receive the dividend for CSSE, CSSEP, CSSEN?

Shareholders on record as of December 31, 2020, are eligible to receive the dividend.

What is the yield of the preferred stock for CSSE, CSSEP, CSSEN?

The yield of the preferred stock is 9.75%.